Tax checks for licence renewals expanding to Scotland and NI
[ad_1] Tax checks are needed before renewing certain licences on or after 2 October 2023. In Scotland this applies to licences to drive taxis and private hire cars, operate a booking office and to be a metal dealer. In Northern Ireland this applies to licences to drive taxis. The requirement to complete a tax check […]
ICAEW supportive of expanding cash basis for the self-employed
[ad_1] ICAEW’s Tax Faculty supports the extension of the cash basis, but warns that reliance on it could jeopardise the accuracy of accounting records kept by businesses. ICAEW’s Tax Faculty has responded to HMRC’s consultation on expanding the cash basis. The cash basis is an optional regime for self-employed individuals with turnover below £150,000 to […]