The legislation requires all business owners to maintain digital records and file periodic VAT returns through MTD-compliant software. Provided you’re prepared, there’s nothing to worry about – in ...
The initial phases of the Making Tax Digital for VAT (MTD for VAT) rollout could be fraught with challenges due to a reluctance among smaller businesses to change, market participants have said. As of ...
Whether you manage just a handful of properties or a larger portfolio, if you have an income of more than £50,000 then new tax rules mean you will have to submit quarterly filing digitally. The new ...
On the 1 April 2019, HMRC introduced their first phase of the Making Tax Digital (MTD) rules. These required VAT-registered businesses, with taxable turnover above the VAT threshold of £85,000, to ...
A lack of simplicity and cost-effectiveness in the UK accounting software market may prove to be a major compliance hurdle for many businesses as the 2022 Making Tax Digital (MTD) for VAT deadline ...
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