Basis periods are fundamental in UK tax law, particularly for unincorporated businesses such as sole traders and partnerships. They determine the timeframe for which profits… Read More »Understanding Basis Periods and Their Impact on Income Tax – HMRC Changes from 2023/24
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation… Read More »MTD for ITSA delay
As a business owner or investor in the UK, it is important to understand the rules and processes involved in receiving interest from companies. In this article, we cover withholding tax, the CT61 form, and how to claim a tax credit for withheld tax. Get the information you need to comply with UK tax laws and ensure that you are accurately reporting your income.
A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK. Many of these measures were announced… Read More »Income tax: what’s changing?
Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024. This is following the recent… Read More »MTD: Making Tax Digital for income tax
What tax powers are moving away from Westminster? It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave… Read More »Devolution of tax powers within the UK
