SAY GOODBYE TO ANNUAL SELF ASSESSMENT TAX RETURNS
MAURICE FROST - CARPENTER BOX
Just as things are starting to return to some form of normality, HMRC remind us that phase two of their ‘Making Tax Digital’ strategy, (which was kicked into the long grass during Brexit and Covid) is beginning to reappear on the horizon and set to come in for 2024.
Self-employed? Director? Buy-to-let landlord? Partner in a business? Then this change is likely to affect you. Say ‘goodbye’ to annual Self Assessment Tax Returns; say ‘hello’ to Digital Quarterly Reporting. Find out what this change will mean for UK taxpayers, and where it might lead in the future.
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