Almost half of sole traders unprepared for MTD changes
Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.
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Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.
Read moreHMRC will reduce late payment and repayment interest rates from 28 May following the 0.25% cut in the base rate earlier in the month.
Read moreThe government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.
Read moreHMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
Read moreAlmost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
Read moreThe UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.
Read moreThe UK government is taking the right approach to tariff negotiations with the US despite downgrades to the economic outlook, says the British Chambers of Commerce (BCC).
Read moreSole traders and landlords with an income over £50,000 have been warned that there is less than a year before they will be required to use Making Tax Digital for Income Tax (MTD for IT).
Read moreThe independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team.
Read morePubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.
Read moreA new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.
Read moreChancellor Rachel Reeves has said British businesses will be supported to trade freely as she takes action on practices that undercut fair trade, such as the dumping of cheap goods into the UK.
Read moreTax compliance costs the UK's small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).
Read moreThe first Finance Act of the Labour government has gained Royal Assent and passed into law.
Read moreChancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.
Read moreIncreases to the National Living Wage and National Minimum Wage took effect from 1 April.
Read moreThe reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
Read moreChancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.
Read moreThe financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
Read moreThe government's employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD).
Read moreThe government has stopped controversial plans to collect information about the exact hours worked by every employee in PAYE returns.
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