Making Tax Digital (MTD) for VAT came into force in the UK on April 1 2019, but many businesses and accountants affected by the new rules are still trying to sort the fact from the fiction. Many are ...

The UK's Making Tax Digital - VAT (MTD-VAT) is set to kick in (for all practical purposes) on 7th August for any VAT registered business with a turnover above £85,000. That's a lot of businesses.

The moment has arrived: as of 1 April, the majority of companies that are VAT registered must comply with Making Tax Digital (MTD), the new system whereby businesses must keep records digitally and ...

As well as a new, digitised tax system, Making Tax Digital Making Tax Digitalfor VAT will also see the introduction of two new HMRC penalty regimes for late submissions and late payments, which will ...

With less than a month to go until Making Tax Digital (MTD) becomes mandatory, compliance has become a frontline business issue for thousands of businesses – and particularly those in the accountancy ...

HM Revenue and Customs (HMRC) has issued an urgent warning to businesses across the UK, reminding them that from Tuesday, November 1, they will no longer be able to use their existing Value Added Tax ...

Representatives of small businesses and the accountancy profession say a report on Making Tax Digital for VAT shows that HMRC should provide additional support and allow businesses extra time to get ...

In a world with a lower VAT ceiling than today’s, expect fewer unregistered rivals, potential FRS tweaks, and more HMRC compliance noise.

The way you file your VAT return may have changed, but HMRC’s new reporting rules aren’t as scary as they seem and could actually benefit your business over the long term. The Making Tax Digital ...

There is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on April 6, 2026 marks a ...

Any uncertainty (or hope) that MTD for VAT will not go ahead as planned from 1 April 2019 was removed in the Spring Statement, with the Government expecting businesses to do their best to comply with ...