Tag: Making Tax Digital
Soft-landing Period is now fast approaching for Making Tax Digital
9th March 2021: As the soft-landing period is now fast approaching for Making Tax Digital, digital links should be used between all parts of the business’ functional compatible software from their first VAT return period starting on or after 1 April 2021.
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.
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.
United Kingdom: Making Tax Digital transition period coming to an end
2nd March 2020: What are the consequences of not adopting a digital approach?
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.