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Making Tax Digital

DELAYED…Construction Industry – VAT domestic reverse charges

22nd August 2019 | Written by In Accountancy | Categories : Accounts, Brexit, CASH, CIS, Construction Industry, Contractors, Making Tax Digital, News, VAT
DELAYED…Construction Industry – VAT domestic reverse charges

GREAT NEWS – A plan by HMRC to introduce new procedures for paying VAT in the building and construction industry have been postponed for 12 months until 1 October 2020. ORIGINAL ARTICLE FOLLOWS BELOW: More changes are afoot from 1 October
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MTD for VAT Latest

11th July 2019 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, News, VAT
MTD for VAT Latest

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable turnover above the VAT threshold(currently £85,000)must keep digital records
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MTD for VAT

15th April 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, Tax, VAT
MTD for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital
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April 2019 – Tax Update and News in Brief

April 2019 – Tax Update and News in Brief

At last the clocks have gone forward, days are becoming longer and some warmth is in the air (well, almost, although it didn’t feel like that from the side lines of the football pitches I was at over the weekend!!).
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MTD for VAT – Pilot Extended to all Eligible Businesses

7th February 2019 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, Tax
MTD for VAT – Pilot Extended to all Eligible Businesses

HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTDfV for some
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Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

14th December 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Making Tax Digital, Making Tax Digital
Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support small businesses’ ahead of the introduction of MTDfV. MTDfV is generally
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Making Tax Digital – Pilot Update

27th November 2018 | Written by In Accountancy | Categories : Accounts, Business, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, News, Tax
Making Tax Digital – Pilot Update

Making Tax Digital for VAT (MTDfV) is still the hot topic of the moment (aside of course from Brexit madness!), and while there has been some speculation that, under the influence of the House of Lords, roll out of MTDfV
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Making Tax Digital for VAT Public Pilot Opens and Deferral for Some Businesses

24th November 2018 | Written by In Accountancy | Categories : Business, HMRC, Limited Companies, Making Tax Digital, News
Making Tax Digital for VAT Public Pilot Opens and Deferral for Some Businesses

HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements will be deferred from being subject to MTD for six months. Essentially, the public pilot
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Autumn Budget 2018 set for Monday 29 October

13th October 2018 | Written by In Accountancy | Categories : Budget, Business, HMRC, Making Tax Digital, News
Autumn Budget 2018 set for Monday 29 October

The Chancellor of the Exchequer, Philip Hammond, has announced that the Autumn Budget 2018 will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in a bid to avoid the ongoing Brexit negotiations,
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Software Suppliers – Making Tax Digital for VAT

28th September 2018 | Written by In Accountancy | Categories : Business, HMRC, Limited Companies, Making Tax Digital, News
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
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