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.

HMRC estimates that around 40% of people affected don’t use an accountant or tax adviser. So if you handle your own tax ...

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From April 2022, all VAT-registered businesses with taxable turnover under £85,000 will need to comply with Making Tax Digital (MTD), HMRC’s new digital tax legislation. In fact, many will have ...

HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world, but how does it hope to get there The answer is through the introduction of Making Tax Digital (MTD), ...

Did you know that accounting firms often rely on spreadsheets and a small bridging tool to meet their VAT obligations, yet assume they are fully ...

Martyn Bramwell, from Dyke Yaxley Chartered Accountants, in Shrewsbury and Telford, said HM Revenue and Customs had announced they would be closing the online scheme and businesses needed to take ...

The Association of Taxation Technicians (ATT) is urging the Government to rethink the penalties for not complying with Making Tax Digital (MTD) for VAT. The ATT suggests that HMRC modernise its ...

The initial phases of the Making Tax Digital for VAT (MTD for VAT) rollout could be fraught with challenges due to a reluctance among smaller businesses to change, market participants have said. As of ...