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News - 2021-09-24

Making tax digital for income tax has been delayed until April 2024

Making Tax Digital for Income Tax & Self Assessment was originally expected to be implemented in April 2023, but yesterday the Government announced a delay of one year, beginning April 2024. This is because the Government recognises the challenges faced by many UK businesses as the country emerges from the pandemic. Although delayed, the move… The post Making tax digital for income tax has been delayed until April 2024 appeared first on PKF Francis Clark.

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An extra year to prepare for MTD for Income Tax Self Assessment
News - 2021-09-24

An extra year to prepare for MTD for Income Tax Self Assessment

HMRC has announced that businesses will have an extra year to prepare for the digitalisation of Income Tax, with Making Tax Digital for Income Tax Self Assessment now due to be introduced in April 2024.

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Queen’s University Honours Feargal McCormack
News - 2021-09-24

Queen’s University Honours Feargal McCormack

Queen’s University, honoured PKF-FPM Accountants Managing Director Feargal McCormack today (Friday 24th September 2021) by conferring an honorary degree of Doctor of Science in Economics (DSc Econ) for services to business and commerce, in the presence of new University Chancellor Secretary Hillary Rodham Clinton. In the degree citation, Feargal a former Queen’s graduate and past […] The post Queen’s University Honours Feargal McCormack appeared first on PKF-FPM Accountants.

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News - 2021-09-24

The employer’s perspective on National Insurance rising and the Health and Social Care Levy

There are already a number of emerging issues to concern employers following the recently announced increase in National Insurance (NI) from April 2022, and the Health and Social Care (HSC) Levy which is due to replace this from April 2023. The Health and Social Care Levy Bill was introduced to Parliament on 8 September 2021.… The post The employer’s perspective on National Insurance rising and the Health and Social Care Levy appeared first on PKF Francis Clark.

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News - 2021-09-23

Referees lose latest round in dispute with HMRC in off-payroll case

In the long-running employment taxes saga of Professional Game Match Officials Limited (PGMOL) v HMRC, HMRC recently scored an equaliser in the Court of Appeal. Whilst the final whistle is still to be blown, HMRC will consider this outcome a small victory. Background The Court of Appeal has ruled in favour of HMRC that the… The post Referees lose latest round in dispute with HMRC in off-payroll case appeared first on PKF Francis Clark.

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News - 2021-09-23

Johnston Carmichael looks to future with three new Board appointments

Johnston Carmichael, Scotland’s largest independent accountancy and business advisory firm. has appointed three of its partners to Board level as part of its strategy of having a strong succession plan for the senior leadership team of the firm.

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News - 2021-09-22

What the National Insurance increase means for businesses and tax policy

As the dust settles on the government’s decision to increase National Insurance contributions (NICs) from April next year – and its conversion into the Health and Social Care Levy from 2023 – it is helpful to reflect on the wider implications for business and the tax system. It is also important to consider the impact… The post What the National Insurance increase means for businesses and tax policy appeared first on PKF Francis Clark.

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News - 2021-09-22

VAT changes for the hospitality industry – are you ready?

From 1 October 2021, the temporary reduced rate of 5% introduced for supplies related to hospitality, accommodation, or admission to certain attractions ends. The VAT rate will instead switch to a further temporary rate of 12.5% that will apply from 1 October 2021 to 31 March 2022 inclusive. From 1 April 2022 it is stated… The post VAT changes for the hospitality industry – are you ready? appeared first on PKF Francis Clark.

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News - 2021-09-22

Extended protection for struggling businesses?

One of the many protections for businesses during the pandemic has been a ban on winding up action by creditors unless it can be shown that the inability to pay is not Covid related. The government is looking to return to more normal times. It has, however, acted in an attempt to stem a possible… The post Extended protection for struggling businesses? appeared first on PKF Francis Clark.

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News - 2021-09-21

Worthwhile projects need parenting - part one

As the summer holiday season draws to a close, our Financial Services team compare good holiday planning, and mobilising a significant change programme at work, in their latest whitepaper.

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