The deadline for MTD for ITSA compliance is fast approaching, but there are still several things you can do now to prepare your business.
MTD for VAT starts for the first VAT return that any business does for the first period starting on or after 1st April 2018.
From 1st November, VAT-registered businesses must use Making Tax Digital compatible software for their VAT returns.
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...
MTD for VAT is coming soon - are you ready? Get 50% off if you sign up before the end of the month.
Powered Now, UK Field Service Management App looks at the Penalties for failing to file MTD for VAT returns.
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...
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...
Although it’s easy to be cynical, there are likely to be benefits to businesses using the MTD platform, alongside of the pain of implementing a new...
To comply with MTD a business or its agent (typically their accountant) must keep their records electronically. In other words, when a tax return of...
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...