Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
24 September 2021
An extra year to prepare for MTD for Income Tax Self AssessmentHMRC 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.
16 September 2021
Proposed changes to income tax basis periods delayed by a yearA 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.
15 September 2021
Pensions are cool – no, honestly!The general public at large, seemingly, has no interest in chatting about pensions. Not us though! Our team of financial planners are always happy to chat pensions and to celebrate Pension Awareness Day 2021 Rory Brand explains why pensions are cool – honestly.
Tony Cochrane
VAT Senior Manager
13 September 2021
Diversifying your rural business - benefit from ever-changing VAT rulesMany rural businesses have diversified, or are considering diversifying, into hospitality and leisure activities as an additional income stream. In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for hospitality and tourism activities. This period of reduced VAT is coming to an end on 30 September 2021, with a new 12.5% reduced rate applying from 1 October 2021 to 31 March 2022.
08 September 2021
A Budget in all but nameThe Prime Minister has announced a health and social care levy ahead of the Spending Review and Autumn Budget to be held on 27 October.
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