Weekly update

Weekly update 1 October 2021

Weekly update 1 October 2021 Welcome to the latest edition of our weekly update. MTD Updates The government has delayed the introduction of making tax digital for income tax self-assessment to the 06 April 2024. Businesses get more time to prepare for digital tax changes. This will give individuals and businesses more time to prepare…

Is wealth tax on the horizon?

Is wealth tax on the horizon

Is wealth tax on the horizon Table of Contents Wealth tax overview The introduction of a wealth tax could raise a staggering £260bn if a threshold of £500,000 was selected, but valuing assets could be challenging. Speaking at the Chartered Institute of Taxation (CIOT) and Institute for Fiscal Studies (IFS) debate on the wealth tax…