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. […]
Monthly Archives: August 2023
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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 […]