Tag: Making Tax Digital
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.
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