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City law and accountancy firms face cash flow crunch in HMRC shake-up
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City law and accountancy firms face cash flow crunch in HMRC shake-up
City partnerships could be forced to take on expensive debt to fund their own partners’ tax bills after the government confirmed a major shake-up of HMRC’s self-assessment regime. As part of the Budget, Chancellor John Healey confirmed the government announced plans to introduce more timely payments for income tax self assessment (ITSA) from April 2029. [...]
15 Nov, 10:00
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