1 April 2024Payment of corporation tax liabilities for accounting periods ended 30 June 2023 for SMEs not liable to pay by instalments.5 April 20242023-24 tax year end. Ensure...
Expenditure on research and development (R&D) performed by UK businesses was £49.9bn in 2022, an increase of £3bn since 2021 (6.4%), according to the data for 2022...
A tax avoidance scheme that moves income offshore has been uncovered by HMRC. The scheme involves contractors joining Singapore registered Procorre LLP to avoid paying income tax...
The supply of live web streaming of funeral, burial, or cremation services is to be treated as exempt from VAT under VATA 1994, Sch 9 Group 8 Item 2, HMRC has confirmed.Any tax...
Businesses in the US believe they are outperforming other regions with their current indirect tax capabilities, according to research conducted by Vertex Inc.The survey asked 580...
The Income Tax (Digital Requirements) (Amendment) Regulations SI 2024/167 confirm that making tax digital (MTD) for income tax will start from April 2026 instead of April 2024 and...
Finance Act
The Finance Bill received royal assent on 22 February and is now the Finance Act 2024.
tinyurl.com/parlfa2024
Pillar one
The Organisation for Economic Co-operation and...
New guidance from HMRC explains how to calculate the transition profit for 2023-24 for taxpayers affected by basis period reform.The guidance covers identifying and then...
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 March 2024, until further notice.For one month from the date of change, employers may...
From April, HMRC will be testing its making tax digital (MTD) for income tax self assessment (ITSA) system to ensure it provides agents and their clients with the ‘best...
The transition to making tax digital (MTD) for income tax self assessment (ITSA) from 2026 will cost sole traders and landlords on average £320 to set up the necessary...
Double cab pickups will continue to be treated as vans rather than cars, HMRC has confirmed. It had, only a week before, issued new guidance to the effect that from 1 July 2024,...