Making tax digital threshold reduced to £20,000

Making tax digital threshold reduced to £20,000

Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000. The Budget confirmed that taxpayers with qualifying income of £50,000 or more will be...
Get ready for changes to UK company law

Get ready for changes to UK company law

The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, HMRC have been getting ready to introduce the measures brought in by the act and they are aiming to introduce the first set of changes on 4 March 2024.