Search results for: making tax digital
The Autumn Budget – 30 October 2024
…Income Tax Making Tax Digital (MTD) for Income Tax will be extended to sole traders and landlords with income over £20,000 by the end of this Parliament. This expands the…
Read MoreCorporation Tax
…complexities of Corporation Tax, ensuring compliance while identifying opportunities for tax savings and efficiencies. Our comprehensive range of services includes tax planning, international tax support, VAT and indirect taxes, Making…
Read MoreDecember 2023 Tax Newsletter
…relief and the tax charges that may apply when the purchased plant and machinery are sold. Please talk to us for more details. Making Tax Digital (MTD) for Income Tax…
Read MoreWhat are PAYE Tax Codes?
…your tax code to reflect the updated allowance. Overpayment or underpayment of tax: If you have overpaid or underpaid tax in a previous tax year, HMRC may adjust your tax…
Read MoreHMRC’s New Campaign: A Closer Look at Crypto Tax Compliance
…about their tax obligations: HMRC is providing guidance to taxpayers on how to comply with their tax obligations on cryptoassets. Enforcing the law: HMRC is cracking down on taxpayers who fail to…
Read MoreGuide to Self-Assessment tax returns
…31st October: Paper tax return deadline 30th December: Deadline for online tax return submission if you want HMRC to collect tax through your PAYE tax code (only applicable for tax…
Read MoreUnderstanding Dividend Tax: A Comprehensive Breakdown for Investors
…from tax rates, the government also provides certain tax-free allowances, including the tax-free personal allowance. For the 2022-23 tax year, the personal allowance is £12,570, and there’s a £2,000 tax-free…
Read MoreHMRC Basis Period Reform for Sole Traders & Partnerships
…period. What is Making Tax Digital (MTD) for Income Tax? Making Tax Digital (MTD) for Income Tax is a part of the UK government’s broader initiative, Making Tax Digital, which…
Read MoreDirector’s Loan Accounts (DLA) and Tax
…repayment schedules. Tax Implications: Directors must know the tax implications of borrowing from the company. An overdrawn Director’s Loan Account (DLA) can lead to additional tax liabilities, making it crucial…
Read MoreA guide to the Autumn Budget 2025
…Digital (MTD) Making Tax Digital (MTD) for Income Tax will be extended to sole traders and landlords with income over £20,000 by the end of this Parliament. This expands the…
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