In the latest edition of the SMTA magazine Auto Insight, Senior Tax Manager Keith Hunter examines the difficulty businesses can encounter when determining if a worker is an employee or is self-employed.
MTD ITSA is the next phase of HMRC’s Making Tax Digital road map and focuses on Income Tax Self Assessment. If you haven’t already, you might want to start looking at compliant solutions and begin processing your next financial year to ensure you feel confident before ITSA becomes mandatory.
The 2022 Fiscal Statement (aka mini-budget) reversal was announced on 17 October. Our concise guide clarifies the changes.
There are numerous VAT accounting schemes that HMRC offers. Which one is best will depend on the nature of your business. To get you up to speed, we’ll take a look at each of the main VAT accounting schemes, explaining how they work and who they might suit.
Read our update on the recent changes announced by HMRC regarding their suggested reimbursement rates for employees using a company car for private travel.
When extracting profits from your limited company you need to be smart to avoid paying more tax than you need to. Our personal tax planning specialists cover the basics here.