Basis Period Reforms Explained: All You Need to Know About Changes to Accounting Periods for Tax Declarations
October 23, 2023
From the 2023/24 tax year, HMRC has introduced changes to the reporting period requirements for partnerships and self-employed taxpayers. Your 'basis period' is the 12 months over which you prepare your accounts and submit details of your income and taxable profits to the ta...
From April 2023, the tax charged against businesses producing or importing plastic packaging with less than 30% recycled materials has risen from £200 to £210.82 per tonne, payable by all organisations that manufacture or import over ten tonnes a year.The Plastic Packaging...
Tax Changes to Be Aware of From April 2023
February 2, 2023
Over the last few months there have been multiple changes related to various taxes, with reversals and revisions that have made it difficult for many businesses to understand how their tax obligations will change, and what that means for the new tax period from April.In this...
Latest News on UK Tax Cuts, U-Turns and Support for Businesses
October 20, 2022
While we were expecting to wait patiently for 31st October to hear more detail about the government's plans for changes to tax regimes and allowances, the political world entered a further period of turmoil - culminating in several U-turns.
Reading the headlines and trying t...
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