Making Tax Digital
Making Tax Digital (MTD) was introduced for VAT in 2019, whereby VAT registered businesses moved to making electronic MTD returns. The effect of the changes wasn’t as dramatic as initially expected with the submission being similar to that of an ordinary VAT return...
HMRC updates Making Tax Digital MTD guidance
MTD non-compliance penalties also published.
Pensions. Planning for your future or planning for now?
We are all aware that putting money into a pension enables us to save for our future retirement – but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for pension contributions. If you are an...
Property income reporting
We are seeing a high number of HMRC ‘nudge’ letters being issued, suggesting that rental income from property has not been correctly reported. HMRC are obviously getting this information from somewhere as many of the approaches made to us have been from landlords...