MTD

 

Making Tax Digital for VAT – Preparing Your First Return

04 Jul, 2019  Posted By Anuradha   Posted in MTD

On 1st April 2019, Making Tax Digital (MTD) for VAT went live. However, with many businesses still to file their first VAT return under MTD, is your business ready for MTD for VAT? Below are the few hints and tips … Continue reading

 

Making Tax Digital : What’s coming our way!

15 Nov, 2018  Posted By Thenvi Subin   Posted in MTD
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One of the most intellectual persons the world has ever had, Albert Einstein said, “The hardest thing in the world to understand is the income tax.” Tax payments have almost been like rocket science to most taxpayers. Even Former U.S. … Continue reading

 

HMRC opens pilot for MTD VAT filers

19 Oct, 2018  Posted By Shabeer   Posted in MTD
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The tax authority HM Revenue & Customs (HMRC) has invited more than half a million businesses to test Making Tax Digital (MTD) for VAT moving forward to the digitisation of tax which will be effective from April 2019. HMRC has … Continue reading

 

It’s time to get ready for Making Tax Digital

12 Oct, 2018  Posted By Shabeer   Posted in MTD
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Originally announced back in 2015, Making Tax Digital aims to digitise the UK’s taxation system through the use of digital records and online filing through compatible software. With just months to go before the launch of Making Tax Digital for … Continue reading

 

Making Tax Digital and the Agent Services Account

28 Sep, 2018  Posted By Shabeer   Posted in MTD
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There has been a lot of focus on how individuals and businesses can get ready for Making Tax Digital, but how do agents get involved in the process? What is an agent services account? If tax agents wish to access … Continue reading

 

Making Tax Digital for VAT Notice Released by HMRC

28 Aug, 2018  Posted By Karthik Sathuragiri   Posted in MTD
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On 13 July 2018 HMRC released VAT Notice 700/22: Making Tax Digital for VAT. As the scheme is only months away from its scheduled launch date, businesses and accounting firms alike will likely welcome the additional clarification that this release … Continue reading

 

Brexit delays MTD mandate and implementation

30 May, 2018  Posted By Senthil Kumar   Posted in MTD
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Brexit delays MTD mandate and implementation A deadline of 2020 is set for all tax returns to be digitised. However, the Brexit split will delay the MTD (making tax digital) mandate and its implementation which might extend the timeline for … Continue reading

 

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