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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15/03/2019
Spring Statement 2019
Chancellor Philip Hammond's second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May's Brexit withdrawal deal.
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11/03/2019
Tax Codes from April 2019
The government has published its latest version of leaflet P9X which sets out the tax codes to be used from 6 April 2019. The personal allowance has increased to £12,500 for 2018/19 and the emergency
04/03/2019
'Prepare to Leave the EU' Tool
A tool, 'Prepare your business for the UK leaving the EU' is available on the gov.uk website. It aims to help businesses prepare for the UK's exit by providing guidance relevant to them. Businesses need to
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