Basis period reform

Basis period reform

HMRC have been consulting on the reform of the basis period rules in preparation for the introduction of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA), which comes into effect from April 2023. A consultation paper was published in July 2021, which sets...
MTD for corporation tax

MTD for corporation tax

The Government would like to hear your views on proposals for a new process for keeping records for corporation tax purposes and reporting tax information to HMRC, known as Making Tax Digital (MTD). Your comments will help ensure that the design makes it as easy as...
A collaborative approach for your IT and Accounts

A collaborative approach for your IT and Accounts

At Velocity Accounting Solutions, we always promote best practice when it comes to implementing an effective accounts infrastructure for your business. Regardless of whether you are a single person business or employ multiple staff, we treat all our clients the same...