MTD for ITSA is scheduled to commence in 2026/27 for sole traders and property landlords with gross income of £50,000 or more.
Tax
Now is a good time to consider your personal tax planning opportunities if you haven’t already done so.
Ethan outlines how the two percentage point cut to National Insurance will impact employed and self-employed individuals
Rob covers the VAT Registration Threshold, claiming back VAT for DIY Housebuilders, plus duties relating to vaping, fuel and alcohol.
Kate outlines changes to the ‘non dom’ regime, foreign income and gains, and Inheritance Tax.
James outlines the announcements made in respect of Child Benefit, SDLT and the Creative Industries.
Rob explores the tax implications of property being jointly owned by spouses or those in a civil partnership.
Rachel explains the changes to the way sole trade profits or partnership profit shares are allocated to tax years effective from the current 2023/24 tax year.