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Asher Accountancy Limited is dedicated always to post relevant news to update and inform our valuable clients about what is new and guide them how to benefit from it.
News 2. Making Tax Digital for Income Tax Self Assessment (MTD
for ITSA)
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying
income to maintain digital records and update HMRC each quarter using compatible software.
For individuals, MTD for ITSA will be introduced in two phases:
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from April 2026, for those with qualifying income over £50,000
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from April 2027, for those with qualifying income over £30,000
The government remains committed to the future introduction of MTD for ITSA to partnerships.
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News 3. Corporation Tax rates
The rate of Corporation Tax you pay depends on how much profit your company makes.
Rates for Corporation Tax years starting 1 April
6 April 2024 to 5 April 2025 £500
6 April 2023 to 5 April 2024 £1,000
6 April 2022 to 5 April 2023 £2,000
6 April 2021 to 5 April 2022 £2,000
6 April 2020 to 5 April 2021 £2,000
6 April 2019 to 5 April 2020 £2,000
6 April 2018 to 5 April 2019 £2,000
6 April 2017 to 5 April 2018 £5,000
6 April 2016 to 5 April 2017 £5,000
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Asher Accountancy Limited provides unparalleled personalized accounting services to a broad range of clients across the London area. As we are educated accountants, we are here to ensure that all of your financial decisions are made carefully and with your best interests in mind. We are ready and able to serve as your financial advisor, tax planner, and guide along your path to success.
Contact
Address
Romer House
132 Lewisham High Street
London
SE13 6EE
Mobile: +44(0) 7808 640 926
Email: gudaye@asheraccountancy.org
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