Capital allowances incentive for “green” cars extended

Despite the financial pressures caused by the pandemic the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? The end is not yet nigh Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have … Continue reading Capital allowances incentive for “green” cars extended

What’s the latest on Making Tax Digital for income tax?

Making Tax Digital for income tax self-assessment (MTDfITSA) will launch in April 2023. Do you need to prepare for quarterly reporting? All individuals earning more than £10,000 business and/or property income per year are required to join MTDfITSA  from April 2023. The following will not need to join: Trusts, estates, trustees of registered pension schemes … Continue reading What’s the latest on Making Tax Digital for income tax?