ÀÏ˾»úÎçÒ¹¸£Àû

Tax News

HMRC guidance on changes to reporting income from self employment and partnerships

Published on: 01 August 2023
Published by a

Specialist Tax Regulatory Materials

Article summary

HMRC has published a new guidance page on how to report profit on the Self Assessment tax return for 2023-24 if the self-employed or partnership business accounting year does not end on or between 31 March to 5 April.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Inter-spouse transfer

Inter-spouse transferIntroductionWhen a chargeable asset is transferred between two spouses or civil partners, there is a disposal by the transferor spouse / civil partner and an acquisition by the transferee spouse / civil partner for capital gains tax purposes. For simplicity, spouses and civil

14 Jul 2020 12:01 | Produced by Tolley Read more Read more

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more