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New simplified tax reporting for small businesses
New simplified tax reporting for small businesses

Tax reporting and filling out returns has been made reformed to be simpler for small businesses. Making Tax Digital is a set of new measures to streamline the tax self-assessment system, and reduce the likelihood of tax avoidance schemes. Measures will come into effect from April 2023, to help reduce time on tax filing and make it more accessible and similar to taxing for other forms of income such as property.

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