Making Tax Digital for Income Tax (ITSA) Some of you may remember Making Tax Digital for VAT, introduced in April 2019, which required all VAT registered businesses to report their VAT returns through digital software.   Up until now, some VAT registered businesses have continued to use manual records and used the HMRC portal to file…

Yesterday’s statement was supposed to be an economic update not a mini-budget. Lots of rather depressing, but not altogether surprising, statistics, such as the highest rate of inflation in 30 years, and the level of debt and growth being re-forecasted downwards. However, we were delighted to see that among the measures introduced by the Chancellor,…

No, we are not referring to the BBC programme “This is going to hurt!” – instead we are referring to the Health and Social Care Levy (HSCL) which was announced in the last budget and is coming in from April 2022. This is a new tax which the government has set up to help fund…

On Tuesday, HMRC issued a press release urging people not to share details of their personal tax accounts with anyone.   this has also been shown on today’s Google News and is on the front page of HMRC’s gov.uk website. https://www.gov.uk/government/news/hmrc-urges-caution-as-fraudsters-seek-to-hijack-personal-tax-accounts Please be particularly vigilant at the moment.