ICAEW and other bodies request action on tax simplification
[ad_1] Meaningful tax simplification requires a clear plan, focused resource, accountability, and investment, say the professional bodies. On 5 April 2023, ICAEW together with the Chartered Institute of Taxation, Institute of Chartered Accountants of Scotland, Association of Taxation Technicians and Low Incomes Tax Reform Group, wrote to the Financial Secretary to the Treasury (FST). The […]
HMRC announces overlap relief information request form launch
[ad_1] The new online form will allow unincorporated businesses and their agents to request the information HMRC holds on the overlap relief available to them on transition to a tax year basis of taxation from 2023/24 or earlier. Currently, if sole traders, partners or agents wish to obtain overlap information from HMRC, they need to […]