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March 7, 2024
HMRC: Basis Period Reform and what it means for you
In the ever-evolving landscape of taxation, businesses in the United Kingdom are now facing a significant shift in the way income tax payable is calculated. The HMRC's Basis Period Reform introduces changes that will have a profound impact on unincorporated businesses. In this blog, we will delve into the key aspects of this reform and explore the rationale behind considering a change in your tax year.