Business and Tax News - Nov 2021

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April 26th 2024
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BUSINESS AND TAX NEWS - NOV 2021

Analysis of Claiming Tax Rebates Via High Volume Agents

EXPENSES

Analysis of Claiming Tax Rebates Via High Volume Agents

HMRC commissioned a report on companies making tax refund claims on behalf of taxpayers.
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Tax Year Basis Period for Accounts From April 2024

SELF EMPLOYED

Tax Year Basis Period for Accounts From April 2024

The self employed and partnerships will need to switch to accounting inline with the tax year from April 2024, with transitioning the year before.
HMRC Collects Over 600 Billion In Tax Revenues

GENERAL

HMRC Collects Over 600 Billion In Tax Revenues

Official accounts for HMRC show £608.8 billion in tax revenues for the 2020 to 2021 financial year.
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