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Company size thresholds increase will be welcomed
2024年12月17日 · The UK government published The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 (SI 2024/1303) on 9 December 2024, which come into force for financial years beginning on or after 6 April 2025.
MTD Income tax for Self Assessment: The complete guide for …
2024年12月18日 · As an accountant, keeping up with changes to tax regulations is a key part of the job. The government has been rolling out its Making Tax Digital (MTD) initiative over the last few years, and they frequently update key information relating to the scheme. So what do …
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2025年1月17日 · Making tax digital. Making Tax Digital (MTD) is a UK government initiative to digitise the tax system. April 2022 saw the extension of MTD for VAT and April 2026 will see the implementation of MTD for income tax self assessment (MTD for IT) for landlords or the self-employed with turnover of at least £50,000.
Cash basis to replace accruals for self-employed
2023年11月22日 · Promising to make it “easier for small businesses as they set up and grow” the Chancellor has announced the expansion of the cash basis of accounting to replace the accruals basis for self-employed taxpayers and partnerships from April 2024.
Tax - AccountingWEB
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The year ahead in MTD - AccountingWEB
2025年1月14日 · HMRC comms ramping up. Expect to hear a lot more from HMRC about MTD in the coming year as their communication plans ramp up. HMRC is set to appear at AccountingWEB’s Festival of Accountancy and Bookkeeping on 12 - 13 March at the NEC, Birmingham (Book your free ticket here).The MTD team are also continuing their regional tour, with agent focused events planned for Leeds, Belfast and Edinburgh.
Time to focus on the associated company rules - AccountingWEB
2023年3月10日 · From 1 April 2023, we will no longer have the simplicity of a single corporation tax rate, but instead be back to the position last seen in 2015 of juggling two rates and marginal relief.
What does the future hold for self assessment? | AccountingWEB
4 天之前 · Many accountants and bookkeepers are now slick self assessment machines, with their practice processes finely tuned over many years. But, looming on the horizon is quite possibly the biggest shake-up to the personal tax landscape since 1997 when self assessment was first introduced – Making Tax Digital for income tax (MTD IT).
Out in the corporation tax cold - AccountingWEB
2024年9月27日 · The changes made to corporation tax rates in April 2023 brought with them a range of complexities. In particular, for the first time since 2015, companies and their advisers are once more having to juggle two rates of corporation tax and worry about marginal relief.