HMRC Confirms End of Traditional Tax Return

HMRC has provided more details of the new simple assessment system, designed to end the traditional tax return process, under which taxpayers who used to provide information under self assessment will no longer need to do so, as returns will now be pre-populated with...

NEW COMPANY LOSS RULES TO GO AHEAD

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Act being rushed through due to the snap General Election the...

Latest on Making Tax Digital

Following concerns raised by the Treasury Select Committee, industry bodies and businesses, the Government has revised the timetable on Making Tax Digital for Business (MTDfB). The changes will now commence from 2019 for businesses which have a turnover which exceeds...

Making Tax Digital Delayed for Businesses

The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020 at the earliest.  Quarterly VAT reporting using the new system will be mandatory from 2019. In a further U-turn,...