MTD ITSA guidance
HMRC issued four sets of guidance to guide taxpayers through the process of signing up for Making Tax Digital for income tax...
The latest accountancy and financial news compiled for you from across the UK financial and accountancy sectors
Bank holiday declared for date of Queen’s state funeral
Monday 19 September, the date of Her Majesty Queen Elizabeth II’s State Funeral, will be a national bank holiday. This will allow...
MTD VAT: Old VAT portal will close on 1 November
HMRC is closing the existing VAT online account at the end of October, leaving VAT-registered businesses the choice of either using...
HMRC webinars 2022
There are a number of webinars available this August and September from HMRC that will give the self-employed an understanding of key...
How to prepare for Making Tax Digital?
Start complying with the new Making Tax Digital (MTD) rules today. The Making Tax Digital rules require that you: - keep and maintain...
Deadlines for Making Tax Digital
With Making Tax Digital (MTD) underway, businesses need to make sure they’re clear on the Making Tax Digital deadlines. Here’s a summary...
Making Tax Digital UK
What is Making Tax Digital? Making Tax Digital (MTD) is a government initiative to improve tax administration. MTD is HMRC’s plan to...
What is the UK inflation rate and why is the cost of living rising?
Prices are rising faster than they have done for 40 years. What is inflation? Inflation is the increase in the price of something over...
HMRC shares the quickest way to renew Tax Credits to avoid payments being stopped this month
More than 33,600 customers have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last...
Old notes will soon be taken out of circulation by the Bank of England
The last day to spend old £20 and £50 paper notes is fast approaching before they are replaced by the new polymer versions. According to...