by main-user | Jun 5, 2019 | Making Tax Digital, Tax, Technology
MTD and Digital Systems You should know that in early May, HMRC issued an e-mail to stakeholders acknowledging the result of the 2016 EU referendum had resulted in major changes in priorities for the department. Which means HMRC is now being required to deliver...
by main-user | May 6, 2019 | HMRC, Making Tax Digital, Tax
Making Tax Digital For VAT Guidance Issued HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep your business...
by main-user | Apr 13, 2019 | Making Tax Digital, Tax, Technology
Making Tax Digital for VAT – MTD for VAT You may have heard that Making Tax Digital for VAT, or MTD for VAT, is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. HMRC Legislation On 18 December 2017,...
by main-user | Mar 30, 2019 | HMRC, Making Tax Digital, Tax, Technology
Making Tax Digital – Growing confidence It’s official! If you are a Sole trader or a company with up-to-date VAT affairs, you are now able to join HMRC’s test phase for VAT Making Tax Digital (MTD). While testing of VAT-MTD started last April, until now, it has been...
by main-user | Mar 14, 2019 | HMRC, Self Employed, Tax
Class 2 NICs To Continue For Self-Employed In 2016, the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed. If you are self-employed, this flat rate contribution, currently £2.95 a week is...
