Making tax digital for income tax delayed again
Making tax digital (MTD) for income tax self-assessment (ITSA) was originally scheduled to start in 2018 and was then put back to […]
Month: January 2023
New tax year basis goes ahead
Although the start of MTD for ITSA has been delayed to 2026 at the earliest, the start date of the new regime […]
New VAT penalty regime
A new, and arguably fairer, system for determining penalties for late returns and late payment of VAT applies to return periods commencing […]
130% super deduction ends soon
Companies considering the acquisition of new plant and machinery need to be aware that the temporary ‘super-deduction’ of up to 130% for […]
Important R&D changes from April 2023
The government are committed to a number of important changes to Research & Development (R&D) tax relief from 1 April 2023. It […]
Want to reduce your 2021/22 tax bill?
If you would like to legitimately reduce your 2021/22 tax bill that you have just paid, or your bill for 2022/23, you […]
Diary of main tax events February / March 2023
Date What’s Due 01/02 Corporation tax payment for year to 30/4/22 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS […]
Cash flow forecasts– What you need to know.
The first thing you need to do is establish the business objective that your cash flow forecast is aiming to support. While […]
Time to plan for the new tax year is now, says TWP
Surrey accountancy firm TWP is calling on individuals to look at minimising their exposure to rises in taxes and falls in certain […]
A new VAT penalty system is now in effect
A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as […]
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