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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30/10/2018
Budget 2018 - Summary of Annoucements
Few expected Chancellor Phillip Hammond would spring any surprises in yesterday's Budget, but in the end that was not the case. Under pressure to support No. 10's 'end of austerity" message, bolstered by
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Making Tax Digital Update
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
11/10/2018
Tax & Your Business - Survey
The Office of Tax Simplification (OTS) is seeking the views of businesses about their day-to-day dealings with tax and its impact on their business. It particularly wants to hear from small businesses and
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