Monthly Archives: October 2018
From 1 April 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations under MTDfV. This only affects businesses with a taxable turnover above the VAT threshold (currently £85,000).
The deadline is approaching. There’s not much time left for self-employed individuals wanting to submit ‘paper’ self assessment returns. For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2017/18 return is 31 October … Continue reading
The government has decided Class 2 National Insurance Contributions (NICs) are here to stay and will not be abolished from April 2019. Class 2 National Insurance Contributions are currently paid at a rate of £2.95 per week by self-employed individuals … Continue reading