Basis Period Reform
What is Basis Period Reform? Basis Period Reform ONLY affects sole traders and partnerships that have a year end other than 31st March-5th April. If this does not apply to you then these changes will not apply to you either. Introduction Basis Period Reform was...
How Do I Pay My Tax?
One question I often get asked is ‘How Do I Pay My Tax?’ To answer this, I have done a summary of the major taxes and how to pay them. 1. Corporation Tax On the anniversary of your year end, you will have received a notification from HMRC to file a Corporation...