Making Tax Digital for Income Tax Self Assessment
Making Tax Digital for Income Tax Self Assessment What is Making Tax Digital for Income Tax Self Assessment? Making Tax Digital for Income Tax Self Assessment (or MTD for ITSA…
Blog Posts
Chancellor unveils plan to cut red tape
Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth. The government says its Action Plan will save businesses across the country…
Employment reforms continue to stifle business hiring intentions
The government’s employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD). The IoD noted that there was a small increase…
Finance Act 2025 receives Royal Assent
The first Finance Act of the Labour government has gained Royal Assent and passed into law. The Finance Act 2025 makes major changes to the tax rules for non-doms, removes…
What is the optimum level of salary to take as a director?
The answer (as is most often the case) is . . . . it depends! There are significant changes coming in from 6 April 2025 with regards class 1 national…
Spring Statement Summary 2025
Spring Statement – 26 March 2025 Having set herself ‘iron-clad’ fiscal rules and the goal of holding a single fiscal event each year, the Chancellor was in a difficult position…
Upcoming Changes to the UK Tax Treatment of Double Cab Pick-Ups for Businesses
The UK tax landscape is set to undergo some significant changes that will impact businesses using double cab pick-ups. It is important to be aware of the upcoming shifts in…
Review your State Pension position before deadline of 5 April 2025
In summary, individuals need a minimum of 10 ‘qualifying years’ to have any entitlement to the State Pension. After 10 years, the more qualifying years an individual has, the more State Pension they will…
Spring Statement 2025 – Headlines
Chancellor Rachel Reeves gave her Spring Statement to the House of Commons this afternoon. Whilst not a fiscal (tax) event we can report the following headlines: We will have a…
Financial benefit of MTD could be as high as £915 million
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC. Since April 2022 all VAT-registered businesses should be using MTD…
End of content
End of content
Our Terms
Follow Us
Subscribe
© 2022 Simpson Wood – Website by Paladin
