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Just a Card Indie Week is here and it's not too late to get involved!

25 Nov 2021

An antidote to the fast-purchase culture of Black Friday, Just a Card – Indie Week is your chance to shine, your opportunity to celebrate and share your work, stories and communities,... Read more…

How fraudsters are exploiting customers using popular BNPL service providers

23 Nov 2021

Improperly regulatedBuy Now Pay Later services aren't just growing in popularity among consumers, they're also proving to be a hit with criminals.
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Download the ShopKind Christmas assets now

22 Nov 2021

All retailers are encouraged to download the print and social media ShopKind campaign materials and use them in stores.
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Still have Fix Your Bike vouchers to redeem? Let the DfT know

22 Nov 2021

The deadline for completing all repairs as part of the Fix Your Bike scheme has now passed but it's not too late to ask for an extension.

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Save the date Just a Card Indie Week 2021 22-26 November

18 Nov 2021

An antidote to the fast-purchase culture of Black Friday, Just a Card – Indie Week is your chance to shine, your opportunity to celebrate and share your work, stories and communities,... Read more…

New service brings ACT members up to 20% off IT equipment and free access to tech advice

18 Nov 2021

Technologyhas important effects on business operations. The ACT has partnered withDell to assist businesses in attaining quality up-to-date IT equipment and access specialist advice to... Read more…

Scotland commits to transport decarbonisation

15 Nov 2021

The ScottishGovernment has signed an international pledge as part of the COP26 conference, committing to accelerate the transition to 100% zero emission vehicles.
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Scotland to ban single use plastics from June 2022

15 Nov 2021

The Scottish Government has laid legislation to introduce a ban on certain single use plastic items from 1st June 2022.
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Consultation launched to bring BNPL providers under regulation

11 Nov 2021

As trendy Buy Now Pay Later (BNPL) services continue to grow in popularity across the UK, a charity has warned that using these non-regulated services can be like "slipping into quicksand".... Read more…

Take part in Road Safety Week 2021

4 Nov 2021

The ACT is a supporting organisation of Road Safety Week 2021 to represent the cycling industry and encourage road safety for all who usethem.
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Making Tax Digital for Income Tax Self Assessment Delayed to 2024

Posted on in Business News, Cycles News, Political News

In a income-taxwritten ministerial statement made by Lucy Frazer MP, Financial Secretary to the Treasury, the government has announced it will be introducing compulsory Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned.

MTD for ITSA will now be introduced in the tax year beginning April 2024. General partnerships will not be required to join MTD for ITSA until the tax year beginning in April 2025. It will be confirmed at a later date when all other types of partnerships will be required to join.

The delay is a result of the challenges faced by businesses throughout the pandemic. The delay allows more time for businesses to join and take relevant preparations and an extended HMRC pilot testing phase.

Making Tax Digital (MTD) first launched for those with taxable turnover above the VAT threshold (£85,000 per annum) in April 2019. Since MTD for VAT was launched in April 2019, over 1.5 million businesses have signed up, including a number of VAT-registered businesses that have joined voluntarily.

VAT-registered businesses with taxable turnover below the threshold need to have joined MTD for their first tax return from April 2022. Over 30% of these customers have already signed up voluntarily.

More information about the delay can be found in the Government press release here: Businesses get more time to prepare for digital tax changes

 

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