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by Mark Hendy

The deteriorating performance of HMRC’s self assessment pre-population API has cast further doubts on the tax authority’s ability to deliver a smooth landing for its Making Tax Digital for income tax self assessment project.

Accounting practices currently filing client returns ahead of the 31 January tax return deadline have flagged a decline in the performance of HMRC’s self assessment (SA) pre-population application program interface (API) service, with several outages and a reduction in successful data retrievals compared with previous years. “I ran the SA API for partners in three partnerships yesterday,” …
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Tax professionals welcome delay to compulsory digital tax reporting

by Mark Hendy

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have welcomed the announcement that the Government are delaying making it compulsory for self-employed businesses and landlords to keep digital records and report their income quarterly until April 2026 for those in the first stage, and later for smaller businesses. In a written statement …

HM Revenue & Customs has effectively extended the tax self-assessment deadline by a month, until 28 February, after conceding that some people were struggling and needed more time. The 11th hour move provides a breathing space for more than 3 million people who have still not filed their 2019-20 tax return. The official deadline for …

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The Market for User Research Platforms – Andreessen Horowitz

by Mark Hendy

The market demands user research tools that are more real-time, contextual, collaborative, and easily digestible. We look at the current state of the user research market; the drivers pushing this category to the forefront of product development; and critical capabilities. — Read on a16z.com/2021/04/06/the-market-for-user-research-platforms/

Self-employed to get 80% income grant

by Mark Hendy

Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month. Sunak said it will run for a minimum of three months, with scope for an extensi … — Read …

ROUNDUP: Business rates holiday announced by chancellor Sunak

by Mark Hendy

In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures inc … — Read on www.accountancytoday.co.uk/2020/03/11/roundup-business-rates-holiday-announced-by-chancellor-sunak/