Here’s my story about how I was invited to the House of Lords to talk about Making Tax Digital for VAT. The issue of Making Tax Digital (MTD) has been with us for a couple of years now. This is HM Revenue and Customs (HMRC) dictating how taxpayers should send information to them. It was …
From 1st April 2019, if you have a VAT registered business with a taxable turnover above £85,000, HM Revenue and Customs (HMRC) are introducing some important changes which will affect you. They are introducing Making Tax Digital for VAT (MTDfV). These may have a significant effect on how you do your bookkeeping. From your first …
In the 2015 Budget, HMRC announced the introduction of Making Tax Digital, an initiative to modernise the tax system. At the time, it was heralded at the ‘death of the tax return’. Since then, there has been little news in terms of how this will actually be achieved. However, HMRC have now published a number …