New VAT penalty regime – the changes explained
15 February 2023 | Mrge_Acontants
A new VAT penalties regime was brought in this month, and any firms or individuals missing their filing deadline from January 2023 onwards will receive penalty points even if there is no VAT due...
MTD for ITSA delayed to April 2026 – what does this mean for you?
08 February 2023 | Mrge_Acontants
Making Tax Digital (MTD) has been on the cards for years now, with businesses already pushed towards dealing with their VAT this way. But plans to extend this for Income Tax Self-Assessment (ITSA) have...
Rateable property values change from April 2023 – find out what this means for you
31 January 2023 | Mrge_Acontants
Working out rateable property values may feel like something of a dark art to those not in the know, and the news that these values are set to change again from April 1 next...
New Extended Producer Responsibility rules come into effect on January 1, 2023 – is your business ready?
25 January 2023 | Mrge_Acontants
New Extended Producer Responsibility (EPR) come into effect at the very start of 2023, and companies need to be aware of their responsibilities when it comes to every type of packaging from wood, plastic,...
Should your business declare the cost of the Christmas party?
18 January 2023 | Mrge_Acontants
Christmas parties or even regular summer BBQs, or annual team building events may need to be declared to HMRC for the current 2022/23 tax year if they do not meet certain rules, so you...
Self-Assessment – now is the time to get your tax return sorted
11 January 2023 | Mrge_Acontants
Yes, here we are again, the Christmas tradition of dealing with your self-assessment tax return is back for another year, and you need to get everything sorted as soon as you can. The final...
Tax year end – get your accounts ready before the rush
28 December 2022 | Mrge_Acontants
It’s that time of year again – the shops are playing Christmas music, there are Christmas films starting to appear on the TV, and for many of us, there is a tax deadline looming,...
Additional tax rate threshold to be lowered – take advantage with your pension contributions
21 December 2022 | Mrge_Acontants
The 45% additional tax rate was briefly removed by Kwasi Kwarteng, then reinstated by Chancellor Jeremy Hunt, and in the latest twist, Mr Hunt announced that the point at which people would start paying...
Landlords, what should you be doing now?
14 December 2022 | Mrge_Acontants
Changes to the Capital Gains Tax (CGT) allowances announced in the Autumn Statement mean that from next April, the current £12,300 allowance will fall to £6,000 and then to £3,000 in 2024. This is...
Autumn Statement – what you need to know about upcoming changes.
07 December 2022 | Mrge_Acontants
You could be forgiven for thinking Budget statements are a bit like buses lately – we don’t have one for ages, and then three come along almost at once. While the latest financial proclamation...
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