brokers /
24th January 2025
Premium Credit makes tax bills more manageable in self-assessment season
Many have welcomed the introduction of Basis Period Reform, which will simplify self-assessment reporting for all unincorporated businesses ensuring returns are based on the tax year regardless of the business's year-end. These changes can for some increase self-assessment bills due to be paid by 31st January, whilst alignment to the new rules takes place, putting even more strain on cash flow, during a time when the UK economy appears to be heading into difficulties.