Big Tax Bills For The Self-employed In 2022/23
Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The proposed new rules provide that from 2023/24 onwards profits or losses will be apportioned to tax years where the period of account does not coincide with the tax year. This is intended […]
Making tax digital begins in April 2019 – are you ready?
On 17 January DPC Accountants Stoke-on-Trent and Sage are hosting an open day at Summit Hospitality to help businesses get ready for Making Tax Digital (MTD) If you are a VAT registered business with turnover of more than £85,000, from April 2019, you will be required to submit your VAT returns through software that is […]
Making tax digital for VAT guidance issued
HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software that links to the Government gateway. There will however be a one year […]
