by admin | Mar 13, 2019 | cloud accounting, economy, HMRC, SME, VAT
What you need to know: Making Tax Digital Philip Hammond reinforced that the mandatory digital record keeping for businesses with annual revenues above the VAT threshold (£85,000) will come into force from 1st April 2019. He called this an “important...
by admin | Aug 7, 2018 | cloud accounting, DIgital, HMRC, Uncategorized, VAT
If your accountant hasn’t mentioned this yet, then you really ought to have a new accountant. Does this affect me? Are you VAT registered? Then if so, yes. This does affect you and you need to be considering whether you will be compliant in time. What is it? Making...
by admin | Dec 14, 2017 | DIgital, HMRC, small business, SME, tax
Making Tax Digital (MTD) New points based penalty model HMRC have been exploring changes to the penalty system for late submission failures under Making Tax Digital (MTD). They have now decided to adopt a points based model with the draft legislation expected in...
by admin | Jul 14, 2017 | DIgital, HMRC, SME, tax
We’re very pleased with HMRC’s announced changes to the roll-out of its Making Tax Digital scheme, which was due to go live from April 2018. The proposed scheme was far reaching and due to be implemented in a short timescale, however due to concerns from business...
by admin | Oct 3, 2016 | cloud accounting, employees, employers, HMRC, SME, tax
Below is a brief summary about the ‘Making Tax Digital’ consultations and proposals from HMRC. HMRC’s vision is for businesses to be able to easier understand and manage their tax affairs. It wants to make greater use of the information that...
Recent Comments