Looking to get on the property ladder this year? A government support scheme has been extended until the end of the year, The Mortgage Guarantee Scheme, which has already helped 24,000 first-time buyers, will now run an extra 12 months, giving you more time to take advantage. The scheme, which was launched in April 2021,…
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More time to prepare for MTD transition
If you’re self-employed and have been worried about the approaching 2024 deadline for transitioning to Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), you can relax. The Government has made the decision to phase in the mandatory use of software from April 2026, two whole years after the original date. Victoria Atkins, Financial…
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Tax Diary January/February 2023
1 January 2023 - Due date for Corporation Tax due for the year ended 31 March 2022. 19 January 2023 - PAYE and NIC deductions due for month ended 5 January 2023. (If you pay your tax electronically the due date is 22 January 2023). 19 January 2023 - Filing deadline for the CIS300 monthly…
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Budget date 2023 announced
The Chancellor of the Exchequer, Jeremy Hunt has confirmed, in a written statement, that the next UK Budget will take place on Wednesday, 15 March 2023. This will technically be the Chancellor’s first Budget although his Autumn Statement to the House of Commons on 17 November 2022 included many announcements more typically seen in a…
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