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The Government have just announced a year's delay to the implementation of quarterly filing of income tax returns. (The MTD ITSA project). More importantly, they have also postponed the enforced move to a March/April 5th year end for sole traders and partnerships.

If you have a year end that is anything other than 31 March/5 April, you would have already started the accounting period that will massively increase your tax bill. Now, you have another year in which to plan for it ( and implement a couple of the ideas we have to mitigate it!).

We have already been in contact with clients who are impacted by the year end change, but if you want to know more about the changes (5 Tax Returns a year instead of just 1!) please get in touch.

As you might expect, we are ahead of the curve on this and would be delighted to help.

Have a lovely Friday and a great weekend.

Steve Carey
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