Supplier statements for MTDfV

Supplier statements for MTDfV

It’s good for businesses to know that HMRC expects them to record digitally for every individual invoice, no matter how minor and inconsequential it might be. This stands irrespective of the fact that a business’s clients might make a single monthly payment against a...
Start date for Making Tax Digital for VAT is here

Start date for Making Tax Digital for VAT is here

Most businesses with VAT return periods beginning on or after 1 April 2019 will need to comply with the regulations mandated for VAT. For businesses with “more complex” VAT, this date has been deferred to 1 October 2019. This delay applies to trusts, not for profit...
VAT Making Tax Digital – A Giant Step

VAT Making Tax Digital – A Giant Step

Growing confidence It’s official. Sole traders and companies with up-to-date VAT affairs 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 on a limited, controlled,...