vat
What is the Domestic Reverse Charge DRC?
Powered Now, the Field Service Management Software looks at the new VAT Domestic Reverse Charge (DRC) system.
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Making Tax Digital (MTD)
product update
Now supporting Making Tax Digital (MTD)!
Good news, Powered Now UK Field Service Management Software is fully MTD compliant, meaning that you can submit your quarterly VAT return via our...
Managing your business
Making Tax Digital and the role of your accountant
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...
Making Tax Digital (MTD)
MTD Software / Making Tax Digital Software
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...
Making Tax Digital (MTD)
Does MTD deadline apply to all VAT registered businesses?
Deadline applies to most VAT registered businesses although you don't currently have to comply if you voluntarily registered & are below the VAT...
Making Tax Digital (MTD)
What will be the problems with MTD?
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...
Making Tax Digital (MTD)
When does MTD start?
MTD for VAT starts for the first VAT return that any business does for the first period starting on or after 1st April 2018.
Making Tax Digital (MTD)
How to calculate MTD?
MTD for VAT returns are calculated exactly the same way as the current 9 Box return.
Making Tax Digital (MTD)
Who does MTD apply to?
MTD will eventually apply to all individuals that do tax returns as well as companies with sales of more than £10,000 per annum.
Making Tax Digital (MTD)
Why is MTD being introduced?
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”....
Making Tax Digital (MTD)
What is MTD for VAT?
MTD for VAT is the specific phase of MTD covering VAT returns made by businesses to HMRC. These VAT returns will need to be made through the new MTD...