What is Self Assessment?
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return. You must send a tax return if, in the last tax year (6 April to 5 April), […]
MTD – Are you ready?
HMRC are on their way to digitise their records and it would help if the future systems would allow all data to be submitted digitally too. To this effect, they have enforced the VAT submissions commencing 1st April 2019 to be submitted by online systems rather than paper format. This is the ‘Making Tax Digital […]
