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More on Making Tax Digital

by | Apr 5, 2017 | ACCA, HMRC, personal taxatation

Finance Bill 2017 will outline provisions of the new system. The Budget gave one small concession on Making Tax Digital (MTD) for those below the VAT threshold for quarterly accounting, but we now await further detail. Legislation will be introduced in Finance Bill...

Small income annual allowances

by | Mar 6, 2017 | ACCA, business taxation, HMRC

2017 sees the introduction of two new tax allowances that have so far gone ‘under the radar’. From April 2017 the government is introducing two new annual tax allowances for individuals of £1,000 each, one for trading and one for property income. These were announced...