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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 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
Aug 31, 20222 min read
HMRC releases details MTD for Income Tax
HMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders...
Styles & Associates
Apr 12, 20221 min read
Making Tax Digital April 22
From 1 April 2022 all VAT registered businesses must adhere to the Making Tax Digital rules, whatever they earn. Making Tax Digital is a...
Styles & Associates
Feb 1, 20222 min read
More than one million customers take advantage of extra time to file tax returns
HM Revenue and Customs (HMRC) has revealed that more than one million customers filed their late tax returns in February – taking...
Styles & Associates
Jan 1, 20221 min read
Tax return deadline 31 January 2022
The deadline for filing your tax return online is by 31 January 2022
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...