Jul 2021

MTD income tax pilot

26th Jul 2021

The pilot scheme for Making Tax Digital (MTD) for income tax is now open for self-employed workers and landlords. The scheme becomes mandatory for accounting periods commencing on or after 6 April 2023, so those who join now will get ahead of the game. The first phase of MTD for income tax will be mandatory … More MTD income tax pilot

Bounce back repayments begin

15th Jul 2021

The bounce back loan scheme (BBLS) has kept many businesses afloat over the past year, but, with the first repayments now starting to become due, many of the 1.5 million businesses that borrowed money could fall into difficulty. Default position The BBLS was launched in May 2020, with no interest charged or repayments required for … More Bounce back repayments begin