With basis period reform underway, tax simplification for sole traders and partnerships will have an increased cash basis turnover threshold.

With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity

It’s paramount that directors and employees check tax codes sent for the 2023/24 tax year as a large proportion of codes will be incorrect

The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats. 

A new points-based penalty applies to late VAT returns for VAT periods beginning on or after 1 January 2023

HMRC sets its sights on targeting the the proliferation of software used to suppress electronic sales records. 

Changes to 2023/24 tax rates have been made but are easily understandable in our Tax Tables for 2023/24.

Chancellor Jeremy Hunt released his 2023 Spring Budget on Wednesday 15 March – for our summary on how it effects you and your business.

Whilst annual inflation, as measured by the Consumer Prices Index (CPI). was 10.5% in 2022, not all components rose by double digits

HMRC’s app was launched a year ago and is gaining in popularity as it is being used to pay self-assessment tax bills.

A new business energy support scheme is set to run from 1 April 2023 to 31 March 2024 but will be less generous than the currently scheme.

Tax changes from April 2023 will see owner-managers questioning withdrawing profits as dividends rather than taking director’s remuneration