Monthly Archives: August 2023

In this blog you will learn about the forthcoming changes in the basis periods for the self employed and partnership and how that could give you a tax headache. The basis period is changing so that from April 2024, unincorporated business will be taxed on a tax year basis instead of an accounting year basis. […]

When will the Late Submission Penalty (LSP) regime start? From 1st January 2023 for VAT. From 6th April 2026 for those self-employed and property landlords who will be caught by Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). From 6th April 2025 for those taxpayers caught up within the SA Return system.  How will […]