UHY Ross Brooke Chartered Accountants
As well as the prospect of dealing Making Tax Digital, the self-employed now have another challenge on the horizon which could lead to higher tax bills for many. Draft legislation has recently been published to change the basis periods for the assessment of self-employed profits to coincide with the tax
We are delighted to announce that we have successfully submitted our first VAT return under the new Making tax Digital for VAT service #MTDfB. This makes us one of the first firms in the country to do so and ensures that the remainder of our clients can be confident that
If you are in business you may not be aware, but from 2019 many businesses, the self-employed and landlords will need to use specialist software or apps to record and categorise receipts and expenses and to update HMRC quarterly with their figures. Making Tax Digital, or MTD as its commonly
Making Tax Digital is under a year away, yet we have learned today that there is a flaw in HMRC’s self-assessment software for 2016/17 affecting the dividend and savings allowance introduced in April 2016. This means that anyone submitting a self-assessment return online could be faced with an incorrect calculation
Making Tax Digital, or MTD as its commonly known, is the Government’s plan to make the UK the world’s most digitally advanced taxation system. HMRC believe that MTD will help eliminate estimated annual tax losses of £8 billion due to avoidable tax errors. MTD is due to be introduced in
If you are in business you may not be aware, but from 2018 most businesses, the self-employed and landlords will need to use specialist software or apps to record and categorise receipts and expenses and to update HMRC quarterly with their figures. As things currently stand, under the Making Tax