Big Tax Bills For The Self-employed In 2022/23

Desk with laptop, phone and mug of coffee

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 […]

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