Wondering what Making Tax Digital is and how it will impact your business? Here we answered the most frequently asked questions about MTD.
Deadline applies to most VAT registered businesses although you don't currently have to comply if you voluntarily registered & are below the VAT...
In this article, we look at what Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is and its impact of on trade businesses. Read more...
From April 2022, Making Tax Digital for VAT will apply to all VAT-registered businesses. Here we explain the pros and cons of voluntary VAT...
Powered Now, the Field Service Management Software looks at the new VAT Domestic Reverse Charge (DRC) system.
Good news, Powered Now UK Field Service Management Software is fully MTD compliant, meaning that you can submit your quarterly VAT return via our...
Powered Now, UK Field Service Management App looks at how Making Tax Digital is going to have a profound impact on businesses over the next few...
There is now a lot of MTD Software available at various price points. It ranges from accounting software which will do your accounts as well as...
The biggest problem with the MTD for VAT implementation is the short time in which this is expected to happen. There is a big chance that companies...
MTD for VAT starts for the first VAT return that any business does for the first period starting on or after 1st April 2018.
MTD for VAT returns are calculated exactly the same way as the current 9 Box return.
MTD will eventually apply to all individuals that do tax returns as well as companies with sales of more than £10,000 per annum.
Different explanations have been given in different forums, however, the most likely driver for MTD is to recover more tax – the so called “Tax gap”....
You may be wondering what MTD for VAT is and how it will affect your business. It is the process of bringing the tax system into the digital age.
Making Tax Digital (MTD) is the HMRC project designed to get all businesses and individuals to start keeping their accounting and tax records on a...