Latest News and Updates

14 Feb 2023

HMRC halt new entrants to MTD for ITSA pilot scheme until further notice

 

It has recently been confirmed that HMRC have temporarily closed their doors on new entrants to the MTD for IT...

19 Jan 2023

ICAEW Audit Monitoring Report 2021/22

 

The ICAEW’s Quality Assurance Department (QAD) have recently published their Audit Monitoring Report giving fe...

09 Jan 2023

New penalty regime for VAT returns

 

A new penalty regime has been introduced for VAT return periods commencing on or after 1 January 2023, replaci...

16 Dec 2022

Scottish Budget increases income tax on high earners

 

The Scottish Parliament has the power to set income tax rates on non-savings and non-dividend income for Scott...

18 Nov 2022

Autumn Statement 2022 – 7 key points for busy practitioners

 

Following the Autumn Statement announcement on 17th November, we have written a blog outlining 7 key points fo...

06 May 2022

Moving to a tax year basis and dealing with provisional figures

 

Further to the our previous article on basis period reform, HMRC been consulting on how to deal with Provision...

08 Apr 2022

Basis Period Reform – for self-employed individuals and all partnerships/partners

 

New legislation taking effect in 2023/24 will affect non-corporate trading businesses that prepare accounts to...