Making Tax Digital, or MTD as it’s now well known, is finally here and businesses should act soon to ensure they are fully compliant.
The majority of UK businesses are required to be MTD-compliant by 1 April 2019. Here we explain a bit more about the penalties you may face if you are not compliant in time, and if you then miss payments.
No matter how small your business, you will benefit from going digital with your accounting, rather than relying on paper and spreadsheets.
Making Tax Digital (MTD) may seem like an obstacle right now, but it’s being introduced as a way of eradicating the dreaded tax return. Going digital means using cloud accounting software, and in a world driven by digital, MTD actually seems to be late to the party.
Making Tax Digital (MTD) is being gradually rolled out by the government over the next couple of years, meaning that different businesses will be affected at different times. The first deadline, ‘Making Tax Digital for VAT’, is coming up at the end of March 2019.
Here are our top tips if you’re facing Self Assessment alone this January for the first time.
2018 will see big changes for small and medium sized businesses in the UK. Whether you’re looking to start up a business in 2018 or you’re looking to grow, here’s what you need to know.
The chancellor of the exchequer, Philip Hammond, delivered the first ever Autumn Budget today in parliament. Here’s our summary with a special focus on what small businesses and contractors need to know.
MTD, you’ll likely have seen the acronym knocking about for a few years now, it’s the thing the government keeps putting back because it’s a huge change to the way businesses will handle their taxes, and there’s been quite a bit of push-back!
On the 25th April 2017 the Government rushed its new Finance Bill through parliament in a staggering two hours ahead of the impending Snap General Election. This was only made possible by cutting longest Finance Bill in history in half.