How will making Tax Digital for Income Tax – MTD ITSA – affect your business? An explanation of HMRC’s current proposals.
Making Tax Digital for Income Tax
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Making Tax Digital
Making Tax Digital
Plans to extend Making Tax Digital
On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.
Myth busting on Making Tax Digital
HMRC has decided to dispel some of the myths it believes surround Making Tax Digital for VAT. Among the myths they are challenging is that businesses don't know MTD is happening or what to do. They maintain that more than 80% of businesses had already started to make...
MTD – What is a digital link?
What is a digital link and how not to break it!So, we’ve heard lots about Making Tax Digital for VAT, and we know that if our business’s taxable turnover is over £85,000, we have to keep our business records in digital form and file our VAT returns using functional...
Making Tax Digital FAQs
Frequently asked questions regarding Making Tax Digital, answered by Stuart Hulland our online accounting specialist.If you have more questions for Stuart, please do get in touch with him. stuarth@batesweston.co.uk What is Making Tax Digital - MTD? The government...
Making Tax Digital for VAT
The Finance Bill 2017 proposes HMRC powers to introduce regulations for businesses with turnover above the VAT threshold to keep records digitally (for VAT purposes only) and to submit VAT info to HMRC through MTD compatible software from April 2019.MTD will also be...
Making Tax Digital – updates
Update: July 2018It is time to take action if your business has a taxable turnover above the VAT threshold of £85,000. The government has confirmed that from 1 April 2019 all VAT registered businesses with taxable turnover above the VAT threshold (currently £85,000)...
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