The Treasury has confirmed that Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will be delayed by a further two years until April 2026, writes Pearson May partner Matthew Rutter. It will now be introduced in phases from 6 April 2026, rather than 6 April 2024. The original start date for MTD...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. More than 3,000 tax returns filed on Christmas Day 22,000-plus self-assessments were submitted between 24 and 26 December. Click here to read more Slow retail growth expected for 2023 The number of shop closures hits a five-year high. Read...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Make Tax Digital for Income Tax self-assessment delayed for two years The decision follows weeks of urgent calls from industry leaders. Click here to read more Help To Grow digital scheme axed The scheme is set to end just...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Government urged to boost economic growth The CBI says the UK will lose 10 years of growth if no action is taken. Click here to read more Upturn in retail sales from Black Friday Spending data shows...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. One in four small firms fear closure Businesses are increasingly concerned if energy relief ends next spring. Find out more here SMEs owed £23.4bn in late payments A government review into outstanding invoices to be launched. Click here to find...
As Jeremy Hunt took to the despatch box just 34 days after taking on the role of Chancellor of the Exchequer, all eyes were on him. In light of an ever-burgeoning cost of living crisis, the Chancellor promised that the Autumn Statement would ensure his tax and spending plans would “stand the test of...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. OBR report confirms UK in recession Economic recovery expected in late 2024. Click here for more information HMRC to change salary advance reporting requirements The legislation aims to reduce administrative burdens. To find out what is changing,...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Business support set out by Chancellor Some industry leaders praise Autumn Statement measures. Find out more here Tax thresholds frozen in Autumn Statement Additional-tax rate threshold reduced for thousands of taxpayers. Click here for more information ...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Tax hikes rumoured for the Autumn Statement The delayed announcement will take place on 17 November. Click here for more information OTS addresses complications for landlords Accountants welcome proposals for tax rule simplification. Find out more here ...
Late September into mid-October was a turbulent time for the government and a confusing time – at best – for taxpayers and advisers alike, after former Chancellor Kwasi Kwarteng’s fiscal statement on 23 September, writes Pearson May partner Matthew Rutter. Indeed, not long after we wrote last month’s article on the ‘mini-Budget’, the new...
