“If you cannot do great things, do small things in a great way.” Napoleon Hill
14 March 2022
If you are a sole trader or landlord and your gross income in total is over £10000, you will be withing MTD for Self-Assessment from 5 April 2024. You have less than 500 working days to make sure you are ready. This is a major change in the way that you report your income to
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
Do you remember the introduction of Self-Assessment? It was a complete change in the way that tax returns were completed. Before then the tax returns did not actually provide HMRC with much detail. In the employment section, we used to write ”per PAYE” and in the self-employed section we would write “per accounts”. It was