Author: Ammu Accounting

we are hiring

we are hiring

Join our growing team As a graduate tax and payroll accountant you will be supporting Emily Wilson our Corporate and Personal Tax associate. You will learn essential business and professional skills in a fast-paced environment.  A full induction and training […]

Spring Statement 2023: Pensions, Savings & Investments

Lifetime allowance (LTA) The Chancellor announced the abolition of the LTA. The 55% and 25% LTA charge tax rates that apply when an individual exceeds the LTA for pension savings will be reduced to nil from 6 April 2023. Consequently, […]

New points-based penalties for late VAT returns

A new points-based penalty applies to late VAT returns for VAT periods beginning on or after 1 January 2023. The first monthly return to be affected was the one due by 7 March, with the first affected quarterly return due […]

Pay attention to tax codes

The easiest way a person can check and correct a tax code is by logging onto their personal tax account using their Government Gateway user ID and password.

The inflation puzzle of 2022

Annual inflation in 2022 was 10.5%, but not all components rose by double digits. Annual inflation, as measured by the Consumer Prices Index (CPI), was 10.5% in 2022 against 5.4% in 2021. The official CPI calculator, the Office for National […]

Making Tax Digital delayed once more

Making Tax Digital delayed once more

With the self-employed and landlords facing a challenging economic environment, the government has again delayed the introduction of the Making Tax Digital (MTD) scheme for income tax self-assessment (ITSA) – this time by two years until April 2026. Although the […]

ammu hubs