Charities have been handed an additional 12 months to comply with Making Tax Digital after it comes into force in April 2019. Continue reading Charities given additional time to prepare for Making Tax Digital
Category Archives: Heather Bright
In recent days, HM Revenue & Customs (HMRC) has said that its flagship Making Tax Digital (MTD) project will “continue at pace and as planned,” after concerns recently emerged that aspects of MTD would be delayed due to Brexit. Continue reading Making Tax Digital to ‘continue at pace and as planned’
Last week, HM Revenue & Customs (HMRC) confirmed that its flagship Making Tax Digital (MTD) project would need to be partly delayed in order to “release project capability to EU Exit work.” Continue reading Making Tax Digital delayed – but only for individuals
Making Tax Digital (MTD) is just around the corner, with compliance set to be mandatory for VAT-registered business earning more than £85,000 a year by April 2019. Continue reading Businesses urged ‘not to put off’ Making Tax Digital preparations
From 1 April 2019, all VAT-registered businesses that earn above the annual VAT threshold of £85,000 will need to be fully compliant with the Government’s flagship Making Tax Digital (MTD) initiative. Continue reading MTD for VAT – Is your business prepared?
In recent days, reports have emerged that HM Revenue & Customs (HMRC) might be considering a further delay for Making Tax Digital (MTD). Continue reading Is HMRC considering another delay for Making Tax Digital?
In a bid to streamline the ways in which taxpayers and their agents interact with HM Revenue & Customs’ (HMRC) digital services, the tax authority has made six Application Programming Interfaces (APIs) available to software developers. Continue reading HMRC makes six self-assessment APIs available to software developers as MTD looms
In recent weeks, HM Revenue & Customs (HMRC) has released information regarding what its penalties regime might look like under Making Tax Digital (MTD). Continue reading What will HMRC’s Making Tax Digital penalties regime look like?
HM Revenue & Customs (HMRC) has confirmed that the year-long Making Tax Digital (MTD) pilot scheme it intends to launch ahead of the formal introduction of MTD for VAT in April 2019 will now be extended to self-employed individuals who wish to trial it. Although the focus of the pilot will remain on the VAT reporting element. Continue reading HMRC confirms MTD for VAT pilot scheme will be extended to the self-employed
Making Tax Digital (MTD) will change the shape of tax reporting as we know it – and many businesses will be affected by the new regime sooner than they might think. Continue reading What businesses need to know about Making Tax Digital