Start date looming for Making Tax Digital for VAT
Posted on Tuesday, March 12th, 2019
The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC’s progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in... Read Full Article...
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Committee warns small businesses ‘could pay heavy price’ for MTD and latest ‘encouragement letters’
Posted on Thursday, December 6th, 2018
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... Read Full Article...
Making Tax Digital for VAT public pilot opens and deferral for some businesses
Posted on Wednesday, November 7th, 2018
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,... Read Full Article...
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Software suppliers – Making Tax Digital for VAT
Posted on Wednesday, October 3rd, 2018
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... Read Full Article...
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Making Tax Digital for VAT from April 2019
Posted on Tuesday, May 8th, 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... Read Full Article...