All VAT registered Farm Businesses Must Adopt MTD for April
All VAT registered farm businesses must adopt the government’s Making Tax Digital (MTD) for VAT agenda from April this year, regardless of annual turnover.
Spring Statement 2022
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices...
Which is better: limited company or sole trader?
If you’re thinking of starting a business, you need to know the difference between a limited company and sole trader so you can decide which business structure is best for you.
Be prepared for big National Insurance hike in April
Experts are warning businesses and employees to brace themselves for a major rise in National Insurance payments in April. Prime Minister Boris Johnson and Chancellor Rishi Sunak have confirmed that the plans will see employees, employers and the self-employed pay...
Basis period reform – how HMRC’s latest income tax proposals may have a disproportionate impact on farmers
In April last year, the Government announced plans to overhaul the way trading income is taxed. If enshrined into law – and that is looking to be highly likely – the Basis Period Reform will affect organisations or individuals with a trading income that is subject to...