Making Tax digital – A Guide for Small Businesses

Making Tax digital – A Guide for Small Businesses

What is MTD? Making Tax Digital – or MTD – is the UK’s biggest tax shake-up in a generation. For any companies that file a VAT return, you will soon have to do it in a new format that is MTD compliant. This is in order that HMRC can move everyone to...
Software suppliers – Making Tax Digital for VAT

Software suppliers – Making Tax Digital for VAT

HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in time for April 2019. From 1 April 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations under...
Making Tax Digital for VAT (MTDfV)

Making Tax Digital for VAT (MTDfV)

HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable...
Making Tax Digital for VAT from April 2018

Making Tax Digital for VAT from April 2018

The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 2019. MTDfV is the first phase of HMRC’s landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move...
Making Tax Digital – plans for VAT

Making Tax Digital – plans for VAT

Earlier this year, the government announced that businesses operating above the VAT-registration threshold, (currently £85,000), would be the first to enter the new Making Tax Digital (MTD) regime. We look at Making Tax Digital – plans for VAT. Now there are...