support package Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/support-package/ Chartered Accountants & Business Advisors Thu, 07 Jul 2022 10:07:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg support package Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/support-package/ 32 32 July 2022 https://www.wrloaccountants.co.uk/july-2022/ Thu, 07 Jul 2022 10:07:17 +0000 https://www.wrloaccountants.co.uk/?p=3697 In this month’s Enews we consider the latest news on Making Tax Digital for Income Tax Self Assessment. We also update you on rising inflation and interest rates and the impact of the increase in national insurance contributions. With guidance for employers and a warning for new homeowners, there is a lot to update you on. MTD for income tax pilot extended HMRC criticised over IR35 implementation Inflation hits 40-year high of 9.1% amid cost-of-living crisis Bank of England raises UK interest rates to 13-year high of 1.25% NICs increase has immediate impact on businesses Manufacturers call for support package Latest guidance for employers New homeowners warned over tax refund claims MTD for income tax pilot extended HMRC is extending the pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) to more self-employed workers and landlords. From July, those taking part will be able to test MTD ITSA before April 2024, including their own internal processes for managing MTD. Agents and customers are already taking part, and HMRC wants more agents to start signing up a small number of their clients to trial the system. It is noted that clients will need to have an accounting period that aligns with […]

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