Making Tax Digital is here and if you are required to submit through the new gateway you will need to do your first submission in the next 8 weeks. It is important to ensure you are prepared if you are going to submit through the MTD Gateway.
Making Tax Digital is the UK government’s pioneering initiative to take all tax submission online and to therefore enforce digital record keeping via computer software.
Eligible VAT-registered businesses started taking part from April 2019 and other forms of business tax set to follow in the future.
There was understandably a lot of discussion at Accountex 2019 around Making Tax Digital (MTD), with the show opening just one month after MTD for VAT was mandated (as of 1 April 2019).
To attempt to discern the landscape now and in the future, for both businesses and accountants, Sage attended the keynote speech given by Theresa Middleton, HMRC’s director of Making Tax Digital for Business.
She was assisted when answering audience questions by Claire Williams, digital delivery team manager for MTD...
22 things you need to know
As of October 2019, those working in the UK’s construction industry might have to handle and pay VAT in a different way following the introduction of the new VAT reverse charge system.
Posted on: 17/07/2019 Categories: Blog