The United Kingdom’s tax landscape is undergoing a significant transformation with the phased rollout of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This government initiative, which builds on the earlier implementation of MTD for VAT, is set to…
If you're considering selling an asset, such as property, shares, or personal possessions, you might be wondering about Capital Gains Tax (CGT) and whether you'll need to pay it. Here's what you need to know about CGT and how it…
Digitising tax for landlords has been long anticipated, and with April 6th 2023, less than two years away, it is important to ensure that everyone is ready and understands what needs to be done. The 2023 date is the starting…
After months of to-ing and fro-ing, a Withdrawal Agreement was finally put in place and the UK departed from the EU on 1 January 2021 in the final stage of Brexit. While there are still some finer details which…
The new tax year has started and with it, as usual, comes a raft of new tax legislation that has consequences for both individuals and small businesses. But as a small business without a specialised accounting team, it can sometimes…
These are turbulent times. Not only is the UK set to leave the EU on the 29th March (and currently without a deal) but just a few days later the Making Tax Digital (MTD) system will come into force for…