Making Tax Digital (MTD) for VAT came into force in the UK on April 1 2019, but many businesses and accountants affected by the new rules are still trying to sort the fact from the fiction. Many are ...
The moment has arrived: as of 1 April, the majority of companies that are VAT registered must comply with Making Tax Digital (MTD), the new system whereby businesses must keep records digitally and ...
With the mandatory compliance of MTD for VAT rules just weeks away for businesses with a taxable, annual turnover below £85,000, business owners in the UK and their accountants are getting ready to be ...
HM Revenue and Customs (HMRC) is reminding businesses that from Tuesday 1 November, they will no longer be able to use their existing Value Added Tax (VAT) online account to submit VAT returns. By law ...
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Heather Rogers is the founder and owner of Aston Accountancy and This is Money's tax columnist. Making Tax Digital is going to affect hundreds of thousands of landlords and self-employed sole traders ...
QUESTION: I run a farming business and I keep financial books and records on spreadsheets. I provided these spreadsheets to my accountant every quarter for him to submit my VAT returns. I am reading ...
Making Tax Digital (MTD) is the government’s plan to digitise the tax system in order to make it more effective, more efficient, and easier to get right. Whether you’re aware of MTD, but are not sure ...