14 Feb 2020 | Making Tax Digital
Making Tax Digital is intended to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. If you were one of the thousands of businesses with £85,000+ turnover and you filed your VAT on HMRC’s Making Tax Digitals...19 Aug 2019 | Making Tax Digital
If you pay your VAT quarterly by direct debit the sign-up window has closed for the 7 August (30 June quarter) submission. Do not worry as HMRC have announced that you will not be penalised this time so you may file the old way and come back when the direct debit has...14 Apr 2019 | Cloud Accounting, Making Tax Digital
Who needs to be compliant?A common misconception of Making Tax Digital (MTD) is that all UK VAT registered business needed to be compliant from 1 April 2019.This is not the case however, and only UK VAT registered businesses with a turnover above £85,000 will...11 Apr 2019 | Farming & agriculture, Making Tax Digital
From 1 April 2019, Making Tax Digital (MTD) is mandatory for VAT registered businesses with a taxable turnover above the VAT registration threshold of £85,000.Who needs to be compliant?Only UK VAT registered businesses with a turnover above...13 Feb 2019 | Cloud Accounting, Making Tax Digital
From April 2019, VAT registered businesses and organisations (including sole traders, partnerships, limited companies, non-UK businesses registered for UK VAT, and some charities) with turnover above the VAT threshold will be required to maintain digital...