Making Tax Digital- Daily Gross Takings

Making Tax Digital- Daily Gross Takings

As you know Making Tax Digital (MTD) came into play earlier this year meaning that UK businesses that are VAT registered and have a turnover above the £85,000 VAT threshold will be required to keep their records digitally and submit VAT returns to HMRC using...
Making Tax Digital is now live – what you need to know

Making Tax Digital is now live – what you need to know

Should I have signed up at 1 April 2019? Even though Making Tax Digital (MTD) start date is 1 April 2019, it is essential that you ensure you have filed your last vat return on the old HMRC system BEFORE you sign up for MTD. For example, for QE 31 March 2019 VAT...
Update: Making Tax Digital

Update: Making Tax Digital

Digital record keeping requirements: Treatment of supplier statements or individual invoices  The Croner Taxwise VAT Advice line has received numerous calls from accountants whose clients receive large numbers of invoices from single suppliers,  such as builder’s...