There are going to be quite a lot of changes to the way that businesses record and report their accounts over the next couple of years with the rollout of the Making Tax Digital scheme. One of these changes is the removal of basis periods from the tax year 2022 – 2023. What…
Tag: tax returns
HMRC delays in checking tax returns
HMRC have warned that there will be major delays in the checking of tax returns for the 2020/21 tax year. With so many changes for many self-employed individuals this year, including CJRS (furlough) and SEISS grants, HMRC are manually double checking any tax returns that have been in receipt of either CJRS (furlough) and/or…