27 Aug 2020 | Making Tax Digital
The Treasury has announced a new timetable for Making Tax Digital, extending the scheme to all VAT-registered businesses in 2022, and for income tax from 2023.
23 Aug 2019 | Making Tax Digital, VAT
The first main submission deadline for filing VAT returns through Making Tax Digital (MTD) came and went on 7 August 2019. It affected around 490,000 of the UK’s 1.2 million VAT-registered businesses with annual taxable turnover of more than £85,000. But, according to...
25 Feb 2019 | Making Tax Digital, VAT
We are on the home straight as far as Making Tax Digital (MTD) for VAT is concerned, with little over a month to go until the first group of businesses are mandated into the regime. This affects around a quarter of the UK’s 2.67 million VAT-registered businesses,...
30 Jul 2018 | Business Tax, Making Tax Digital, VAT
Most business owners in the UK will have heard of Making Tax Digital (MTD) by now, and some will be clued up about its turbulent rollout. It was this time last year that Westminster put the brakes on its rollout of MTD for VAT-registered businesses to report income...
