Monthly Archives: August 2023

Prepare for the change in basis periods for the self employed and partnerships

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. […]

Late Submission Penalty

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 […]