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04 Jul, 2019 Posted By Anuradha
Posted in MTD
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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 →
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15 Nov, 2018 Posted By Thenvi Subin
Posted in MTD
Tags: HMRC, MTD, tax, VAT |
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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 →
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19 Oct, 2018 Posted By Shabeer
Posted in MTD
Tags: HMRC, Making Tax Digital, 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 →
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12 Oct, 2018 Posted By Shabeer
Posted in MTD
Tags: HMRC, Making Tax Digital, MTD, VAT |
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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 →
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28 Sep, 2018 Posted By Shabeer
Posted in MTD
Tags: HMRC, Making Tax Digital, MTD, Tax Agent |
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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 →
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28 Aug, 2018 Posted By Karthik Sathuragiri
Posted in MTD
Tags: HMRC, Making Tax Digital, MTD, VAT |
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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 →
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30 May, 2018 Posted By Senthil Kumar
Posted in MTD
Tags: Brexit, iXBRL, MTD, XBRL |
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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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