MTD for ITSA delay
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation… Read More »MTD for ITSA delay
MTD
Delays in Making Tax Digital (MTD)
The UK government’s Making Tax Digital (MTD) initiative has been a topic of discussion for many small business owners and self-employed individuals since it was… Read More »Delays in Making Tax Digital (MTD)
HMRC updates MTD guidance
After much anticipation from accountancy bodies and businesses, HMRC has finally updated its guidance on Making Tax Digital (MTD), filling in several blanks. HMRC updated… Read More »HMRC updates MTD guidance
Taxpayers unprepared for Making Tax Digital
People are unprepared and unenthusiastic for Making Tax Digital (MTD), according to a survey commissioned by HMRC. Global market research group Ipsos recently released data… Read More »Taxpayers unprepared for Making Tax Digital
MTD for VAT: VAT-registered businesses
All VAT-registered businesses must comply with Making Tax Digital (MTD) rules, regardless of how much they make each year. This will take place from 1… Read More »MTD for VAT: VAT-registered businesses
New Tax Penalties – MTD for VAT
Last month it was announced that plans for two new penalties regimes would come into effect in January 2023. These were due to be implemented… Read More »New Tax Penalties – MTD for VAT
MTD: Making Tax Digital for income tax
Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024. This is following the recent… Read More »MTD: Making Tax Digital for income tax
Businesses basis period rules in line for reform
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed. This is following the launch of a Government… Read More »Businesses basis period rules in line for reform
Making Tax Digital – HMRC to Prioritise MTD
In order to try and build public trust the HMRC charter has been upgraded and updated to clarify the standards of behaviour expected from both… Read More »Making Tax Digital – HMRC to Prioritise MTD
