Tag: Making Tax Digital

London Post Brexit

UK: Further developments around Making Tax Digital and Brexit

8th May 2020: April saw many advancements in the United Kingdom as talks focus on a series of deadlines on Brexit, while MTD is pushed to 2021.

Making Tax Digital

HMRC extends Making Tax Digital ‘digital links’ deadline to 2021

1st April 2020: To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to implement digital links within their recordkeeping systems.

London

United Kingdom: Making Tax Digital transition period coming to an end

2nd March 2020: What are the consequences of not adopting a digital approach?

London

United Kingdom: Brexit

13 January 2020: The HMRC has recently updated the VAT Notice 700/1 to provide temporary rules, which allow some EU Businesses to apply for a UK VAT registration in advance of a no-deal Brexit.

London Post Brexit

Making Tax Digital for VAT: What does it mean for you?

15th March 2019: Since 1st April 2019, VAT registered businesses with taxable turnover above the UK VAT registration threshold (£85,000 currently) are required to keep records in digital form

Making tax digital

Making Tax Digital – Small businesses struggle to prepare

13th December 2018: Making Tax Digital (MTD) for VAT is the latest step in HMRC’s aim to move towards a digital relationship with customers to become “the most digitally advanced tax administration in the world”.