The Chartered Institute of Taxation (CIOT) has urged the UK government to delay a change to how sole traders and partnerships calculate their taxable profits each year – and is also calling for a delay to the controversial Making Tax Digital for Income Tax Self-Assessment proposals. 

The CIOT has argued that both proposals will put major pressure on businesses and advisers already reeling from the impact of the COVID-19 pandemic.

The reform of the basis period rules is due to start taking effect from April 2022. The CIOT expressed concerned at how little time affected businesses, and those who advise them, have t...