You will no doubt be aware that the Prime Minister, Boris Johnson, announced that he will be putting more funding for the NHS and Social Care.  This change is being introduced to help the NHS and Social Care recover from the Coronavirus pandemic. This funding will be done through a new social care levy, which…

Following on from our post on Making Tax Digital for Income Tax at the beginning of September, we are delighted to announce a reprieve!!.. The government has delayed the start of MTD ITSA to 6 April 2024, with MTD for general partnerships postponed to 2025. The change to the tax year basis has also been…

You will remember that the Chancellor gave much needed support to businesses in the hospitality industry by cutting the VAT rate to 5% in July 2020.   This lower rate will come to an end on 30th September and from 1st October 2021 until 31st March 2022, the VAT rate for businesses in hospitality will change…

Some of you may remember Making Tax Digital for VAT, which was introduced in April 2019 and it required all VAT registered businesses to report their VAT returns through digital software.   This in itself was quite a bit leap forward for some businesses, however they were already used to filing VAT returns quarterly so the…