Did you know that taxpayers whose only income is taxed under PAYE, and who earn between £100,000 and £150,000, will be removed from self-assessment from tax year 2023/24 onwards, which could result in those affected paying more tax? HMRC reported in May’s Agent Update that the self-assessment threshold for taxpayers taxed through PAYE will be rising […]
Self assessment threshold bumped to £150,000 Read More »
HMRC has given the taxpayers only four days’ notice of their intention to trial a ‘seasonal model’ for the Self-Assessment helpline. Phone queries will be redirected to digital services – such as online guidance, digital assistant and webchat from 12 June until 4 September. The sudden closure decision was taken with no prior consultation and
HMRC to close self assessment helpline for three months Read More »
CHANGES TO FILING SMALL COMPANY ACCOUNTS WITH COMPANIES HOUSE Companies House is changing Small Companies Filing Options! Since 22nd September 2022 the Economic Crime & Corporate Transparency Bill has been making its way through parliament. The changes set out for the bill will improve transparency by making more information available to the public. This will
Small Company Filing Options Read More »
Did you know that you can now get trusted business advisory and financial management services through ABI and its newly incorporated sister company, Vision Business Advisory Limited? Would you like a business advisory partner to help develop your ideas? Do you need financial management information to drive greater value from your existing business? Can we
Exciting New Business Advisory Service Read More »
Latest as at May 2023 Despite HMRC saying that MTD had been postponed until April 2024 guess what? The latest information from HMRC is that MTD ITSA will now become applicable from April 2026. HMRC have now published a list of software products that satisfy the MTD regime. Xero, our software of choice is on
An update from HMRC re Making Tax Digital Read More »
