Businesses with more complex requirements will be given an extra six months to comply with Making Tax Digital for VAT, HMRC have announced. The six month deferral until 1 October 2019 applies to businesses which fall within one of the following categories:
- Trusts - ‘not for profit’ organisations that are not set up as a company - VAT divisions - VAT groups - Government departments - NHS trusts - Local authorities - Public corporations - Traders based overseas - Those required to make payments on account and annual accounting scheme users It is estimated around 3.5% of VAT-registered entities will be affected. HMRC has also released new and updated guidance to help businesses with the new requirements.
24/10/2018
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15/01/2019
Businesses Urged to Join MTD Pilot
HMRC’s Making Tax Digital for VAT (MTD-VAT) pilot has been extended. This means that all businesses mandated to use the MTD service from this April are now able to access the pilot and test their accounting
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09/01/2019
Vital Tax Break for the Bereaved
According to a recent report just 14% of those eligible to do so are taking advantage of their right to inherit their partner’s ISA. Widows, widowers and civil partners gained the right under a new law introduced
03/01/2019
Recognising Genuine HMRC Contact
HMRC have updated their guidance on how to recognise genuine contact from them and how to spot a phishing email or scam call.
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