The gbac JOURNEY to Net Zero
We began our drive toward net zero in earnest in 2022, having had our efforts restricted in 2021 because of the pandemic.
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An insight from the gbac team on all things accounting, finance and more.
What’s new with MTD for Income Tax?
HMRC is having a busy start to 2025 when it comes to Making Tax Digital (MTD) updates. As we reported earlier, the MTD timeline has changed for those due to start using the digital platform to submit Income Tax Self-Assessment (ITSA) returns from 2026.
Stamp Duty costs increasing for property purchases
Though there may yet be a late reprieve – which doesn’t seem likely, according to predictions for the upcoming Spring Forecast – the cost of purchasing a property in England or Northern Ireland will be going up from 1st April 2025 due to increasing Stamp Duty Land Tax (SDLT).
What can we expect from the 2025 Spring Forecast?
In December 2024, Chancellor of the Exchequer Rachel Reeves announced the date when her next formal report to Parliament would be due, following the Autumn 2024 Budget.
No excuses for filing late tax returns
A recent First Tier Tribunal (FTT) case has revealed the importance of staying on top of your tax returns even if you think you don’t owe any tax – as a UK taxpayer who lived overseas learned the hard way.
Latest updates on Making Tax Digital
While the mandatory implementation of Making Tax Digital (MTD) for self-employed workers and landlords is still over a year away, the Autumn Budget 2024 expanded its scope.
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