UK Tax

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If I Have a Non-VAT Registered Business, Does Making Tax Digital Affect Me?

Making Tax Digital (MTD) is an innovation introduced by HMRC to make tax filing and payment more manageable. It requires that accounting software be used in completing tax returns and that records are kept electronically. Currently, Making Tax Digital is compulsory in VAT-registered businesses with a taxable turnover of £85,000. But does this mean that …

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UK Spring Budget 2021 by Chancellor Rishi Sunak

Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …

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a blog featured image entield What Happens if I Don't Pay My personal tax

What Happens if I Don’t Pay My Personal Tax

There are many reasons you might not be able to pay your taxes by the appointed deadline. Whether it may be a financial problem or some unforeseeable circumstance, not paying taxes can lead to more expensive problems down the road. So what do you do if you can’t meet the deadline for personal tax payment? …

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a blog featured image entitled UK Tax System Policy Tweaks

UK Tax System Policy Tweaks

The past nine months since COVID-19’s global spread has pushed the UK government to make drastic economic, political, and legal moves to ensure the safety of the citizens’ lives and livelihoods.  New hospitals were created, clinical trials were pushed as a priority, and the government has come up with several strategies to protect the job …

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