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Styles & Associates
Feb 23, 20231 min read
UK government in unexpected tax surplus for January
The UK unexpectedly recorded a budget surplus in January, in part due to an increase in self assessment Income Tax receipts. Markets had...
Styles & Associates
Jan 19, 20232 min read
Self Assessment - Allowable Expenses
If you are self employed and receive any income though dividends, shares or savings you have to submit a self assessment tax return. Self...
Styles & Associates
Oct 23, 20221 min read
Self Assessment deadline
HMRC have issued a reminder to taxpayers that the self assessment deadline is approaching. Self Assessment taxpayers have until 31...
Styles & Associates
Oct 13, 20221 min read
HMRC raises late payment interest from 11 October 2022
Following the Monetary Policy Committee decision to increase the Bank of England base rate to 2.25%, HMRC announced increases to both...
Styles & Associates
Jul 7, 20222 min read
MTD for income tax pilot extended
The pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is being extended by HMRC to more self-employed workers and...
Styles & Associates
Aug 17, 20211 min read
Partners and sole traders in UK face bigger tax bills in 2022
The Institute of Chartered Accountants in England and Wales (ICAEW) has predicted that almost 250,000 partners and 280,000 sole traders...