VAT submission and payment deadlines
We’re advising our clients who are registered for VAT to be aware that HMRC is clamping down on VAT submission and payment deadlines. If you haven’t submitted or paid your return before the deadline, it’s likely that HMRC will send out increasingly strict letters... read more
HMRC changing how they assess profits for sole traders and partnerships
HMRC will be changing how they assess profits for sole traders and partnerships. If you’re a sole trader or partnership, and your accounting date is between 6 April and 30 March, this will affect you. Businesses choose their accounting date when they set... read more
Completing your 2021/22 tax return
With the self assessment 2021/22 tax return deadline rapidly approaching, now is the time to get started on your submission. The deadline for completing your return for the 2021/22 tax year is 31 January 2023. While extensions have been given in recent years due to... read more
Autumn Finance Bill 2022 reveals key tax changes
The Autumn Finance Bill 2022 has revealed key tax changes announced by the Chancellor in the Autumn Statement. New measures include: The Energy Profits Levy (EPL) is being extended to help fund cost of living support and ensure oil and gas companies pay their fair... read more
