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HMRC updates MTD ITSA guidance
Business Tax, Personal TaxHMRC has clarified which taxpayers can sign up for Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) voluntarily in its updated guidance. Who can join early and is it worthwhile?
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HMRC starts to assess grant overpayments
Personal TaxHMRC is currently writing to taxpayers that need to repay some or all of their self-employment income support scheme (SEISS) grants. What's the full story and what action needs to be taken on receipt of such a letter?
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Digitalisation reaches another rollout milestone
VATHMRC’s Making Tax Digital (MTD) project entered another key implementation phase on 1 April 2022, bringing more traders within the requirements of MTD for VAT. How will VAT-registered businesses be affected by this?
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New tax year brings new saving opportunities
Personal Tax6 April 2022 marked the start of the new tax year. This means that taxpayers have a fresh opportunity to make the most of various annual allowances and exemptions. What kind of simple, but effective, ideas should they be looking at?
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COVID tax concessions ending on 5 April
Personal TaxThe government introduced several easements in response to the coronavirus pandemic. These were temporary measures that are set to end on 5 April. What do employers need to know?
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Penalty interest rate increases for third time this year
Personal TaxHMRC’s late payment interest rate will rise following another increase in the Bank of England’s base rate. When does this take effect and do taxpayers need to take action?