Budget 2021 Summary Report

Written by yasiradnan94
4 March 2021

The Chancellor delivered his budget yesterday. You can download our simple guide to the budget here.

Cash basis to replace accruals

Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting). From April 2024, as part of a move to simplify calculation of taxable profits for Making Tax Digital, all self-employed taxpayers and...

Company car charging at home

HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation.

Flexibility of paternity leave from 6th April 2024

New fathers who are employees will benefit from greater flexibility when taking paternity leave from the start of the new tax year.

Related Posts

Holiday Pay Changes

Holiday Pay Changes

If you engage part time workers, or staff who work irregular hours, on permanent contracts you need to be aware of new rules.

MTD simplification

MTD simplification

A dramatic simplification of the MTD processes to be introduced – no EOPS; cumulative submissions each quarter; and restrictions.

Cash basis to replace accruals

Cash basis to replace accruals

Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting). From April 2024, as part of a move to simplify calculation of taxable profits for Making Tax Digital, all self-employed taxpayers and...

We use contact information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For information, check out our Privacy Policy.