Making Tax Digital for VAT (MTD for VAT) is now live. Businesses with a taxable turnover above the £85,000 VAT registration threshold come within the new rules and must comply with the initiative or face enforcement action. Here, we answer some of your key MTD for VAT questions. Does my business have to do anything … Continue reading Making Tax Digital for VAT: Are You Compliant?
The deadline of 1st April 2019 is rapidly approaching. How should business owners be feeling about Making Tax Digital (MTD)? Is it something to fear? Something to lose sleep over? Or are there positives to be embraced as we move towards this new era of online business taxation. MTD is the biggest change to the … Continue reading Will Making Tax Digital Make Tax Difficult?
Making Tax Digital for VAT (MTD for VAT) is set to come into effect from 1 April 2019 for businesses whose turnover is greater than the current VAT registration threshold of £85,000. However, there are deferrals and exemptions to this as listed below. Firms that fall into the categories below are exempt from MTD for … Continue reading Making Tax Digital for VAT – Exemptions and Deferrals
We would like to invite you to join us at Xero Seminars taking place on Wednesday 20 February at the Holiday Inn Newport. As always, our invitation goes out to all who may be interested in attending these FREE events. So if you know someone who is looking to use an accountancy package, or looking … Continue reading Xero Seminars – 20 February 2019
According to recent statistics, 40% of UK small business are blissfully unaware of the Government’s Making Tax Digital (MTD) plans. With three months until the go-live date in April this year, that is a worrying figure. While 1.1 million business are set to fall under the scope of MTD for VAT, that equates to 440,000 … Continue reading Are You Aware of Making Tax Digital?
The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. Here, we take a look at the latest position, and consider the recent delay to some of HMRC’s new digital services. MTD for business: an overview The MTD for business initiative … Continue reading Making Tax Digital: Where Are We Now?
We would like to invite you to join us at our Xero Hints & Tips Seminar taking place on Wednesday 4 July between 1pm and 3pm at the Greenmeadow Golf and Country Club in Cwmbran. As always, our invitation goes out to all who may be interested in attending this FREE event. So if you know … Continue reading Xero Hints & Tips Seminar – 4 July 2018
We would like to invite you to join us at our Introduction to Xero Seminar taking place on Wednesday 4 July between 9am and 11am at the Greenmeadow Golf and Country Club in Cwmbran. As always, our invitation goes out to all who may be interested in attending this FREE event. So if you know someone … Continue reading Introduction to Xero Seminar – 4 July 2018
The issue of VAT is currently at the fore of the government’s Making Tax Digital (MTD) initiative. Here we provide an overview of the latest position. What’s changed? MTD was previously set to be implemented between 2018 and 2020. However, in response to concerns raised by experts over the pace and scale of the changes, … Continue reading Making Tax Digital for VAT: An Update
Our latest newsletter is here, packed with information on dividend changes, Making Tax Digital, auto enrolment and much more! To view our latest newsletters, visit the publications section of our website. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.