Archives

March 2022

Making Tax Digital April Threshold Changes

29th March 2022

From April 2022 businesses that charge VAT but with a turnover below £85k will need to ensure compliance with the Making Tax Digital scheme.   Impacting some 1.1m businesses, paper VAT records or those through the HMRC portal...

Read more

Increased action from banks on those defaulting on Bounce Back Loan repayments

29th March 2022

Increased action from banks on those defaulting on Bounce Back Loan repayments   Banks are set to get tougher on those defaulting on repayments after more than £240m of 100% guarantees on Bounce Back Loans were removed by...

Read more

HMRC encouraging business owners to explain NIC increases amid threshold changes and latest announcements

29th March 2022

HMRC encouraging business owners to explain NIC increases amid threshold changes and latest announcements   From 6th April 2022 National Insurance contributions will increase by 1.25%, the estimated £11bn income from which will go to increased funding for...

Read more

Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.