Insights

Ewan Bolt

Director and Head of Digital Advisory

24 September 2021

An extra year to prepare for MTD for Income Tax Self Assessment

HMRC has announced that businesses will have an extra year to prepare for the digitalisation of Income Tax, with Making Tax Digital for Income Tax Self Assessment now due to be introduced in April 2024.

Alexandra Docherty

Partner and Head of Private Client Tax

Connect on LinkedIn

16 September 2021

Private Client Tax

Proposed changes to income tax basis periods delayed by a year

A new Government proposal, which will impact the tax position of unincorporated businesses, trusts and partnerships unless their accounting period is already aligned with the tax year end, has been delayed by a year. The proposal aligns with the Government’s plans for Making Tax Digital (MTD) for income tax, which has also been delayed by a year until April 2024.

Alexandra Docherty

Partner and Head of Private Client Tax

Connect on LinkedIn

08 September 2021

A Budget in all but name

The Prime Minister has announced a health and social care levy ahead of the Spending Review and Autumn Budget to be held on 27 October.

Senga Prior

Tax Senior Manager

28 April 2021

Fourth Self Employed Income Support Scheme grant now open

The fourth Self Employed Income Support Scheme (SEISS) grant for self-employed individuals affected by coronavirus restrictions is now open for applications, closing on 1 June 2021.

Jennifer Duncan

Financial Planner

11 March 2021

Budget 2021: Personal finances

On 3 March, Chancellor Rishi Sunak, delivered his “Budget for recovery”. Without doubt this was one of the most anticipated budgets in memory, with much speculation on how he plans to deal with the huge black hole of debt accumulated during the pandemic. Jennifer Duncan, Financial Planner, takes you through what you need to know about how this may impact your personal finances.

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