Nobody likes change, especially when it comes to their tax, but it is always best to be aware of the changes and how these will affect your business moving forward.
With the Government planning to reform the basis period rules, there are some things you need to be aware of. This change could happen as early as 6 April 2023 and aims to streamline the system before ‘Making Tax Digital’ is introduced. Therefore, having a good understanding of what’s to come allows you to be best prepared for when this reform is introduced.
In our latest guide, we offer some help and guidance for you to consider.
For more information, please see our latest guide today. Our guide gives helpful guidance on:
- What are basis periods?
- How do they work now?
- How might it work in the future?
- Making Tax Digital fuels change
- Why now?
- Planning ahead
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If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
- You can email us at firstname.lastname@example.org