Category Archives: Self Assessment

How much will Making Tax Digital cost me?

You may have heard about Making Tax Digital (MTD for short) from us, from a colleague, on the news, or from HMRC (unlikely).  But you may be wondering what it means to you, and more importantly, how much will Making Tax Digital cost?   I understand your concerns, any new regulation that involves a change […]

New Tax Year | What Does It Mean for Your Business

This week the Chancellor gave us the Spring Budget, and with the new tax year fast approaching, here’s what it means for your business. For information on how the new tax year affects you personally, please have a look at our blog post on this very subject. We have also written a handy blog on […]

HMRC’s Making Tax Digital Delayed and Scaled Down

The news we’ve all been waiting for!  Following the withdrawal of Making Tax Digital (MTD) from the 2017 Finance Bill, due to the June 2017 election, everyone has wondered whether it will be re-instated. The word on the tax street was that it would continue in April 2018 as planned, as the trial was already […]

The Autumn Statement and What It Means to You

The Chancellor delivered his Autumn Statement on Wednesday 23 November, which highlights what we can expect in the new tax year starting 6 April 2017. Below are the main highlights:     Business Tax Corporation tax is set to fall to 17% from 20% by 2020. £400m pledged into Venture Capital trusts to invest in innovative […]

HMRC’s Making Tax Digital – What You Need to Know Now

What it’s All About: By 2016, HMRC will provide every individual and small business with access to their own secure digital tax account, that enables them to interact with HMRC digitally.  The digital account will present individual taxpayers with a personalised picture of their tax affairs. By 2020, a business’s tax liability will be all […]