It has been a busy start to the year for the accounting, audit and tax sectors. We have already seen new reporting requirements for inheritance tax, a waiver of self assessment penalties from HMRC and revised ISA 315 requirements for auditors.

Looking ahead, the countdown to the Chancellor’s 2022 Spring Statement in March is now firmly underway as are the changes in National Insurance contributions from the new tax year.

For the new tax year Mercia’s Tax Cards will provide your clients and your team with details of the key tax rates and allowances for individuals and businesses.

In our Newswire, we look at the latest guidance on rates and allowances for tax credits and the Government’s step-by-step guide on what to do after someone dies, see the tax section for details. On the audit side, we examine climate-related reporting, how the FRC plan to transition to ARGA and a recent report that criticises former trustees of Kids Company.

We’re looking forward to updating you on the latest in the world of tax and accounting.

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