HMRC are now automatically signing up VAT-registered businesses to its new Making Tax Digital (MTD) for VAT programme. These are businesses which should have enrolled into MTD already. 1 Under MTD, ...

Currently, the HMRC’s online service accounts for 90% of all VAT submissions, but in a few short weeks, this service will be removed for those over the threshold, and all businesses will be driven to ...

Making Tax Digital (MTD) for VAT came into force in the UK on April 1 2019, but many businesses and accountants affected by the new rules are still trying to sort the fact from the fiction. Many are ...

The UK's Making Tax Digital - VAT (MTD-VAT) is set to kick in (for all practical purposes) on 7th August for any VAT registered business with a turnover above £85,000. That's a lot of businesses.

With the mandatory compliance of MTD for VAT rules just weeks away for businesses with a taxable, annual turnover below £85,000, business owners in the UK and their accountants are getting ready to be ...

The way you file your VAT return may have changed, but HMRC’s new reporting rules aren’t as scary as they seem and could actually benefit your business over the long term. The Making Tax Digital ...

Martyn Bramwell, from Dyke Yaxley Chartered Accountants, in Shrewsbury and Telford, said HM Revenue and Customs had announced they would be closing the online scheme and businesses needed to take ...

The VAT threshold is the volume of annual turnover at which businesses are required to register for value-added tax (VAT). Since April 2024, the UK VAT registration threshold has been £90,000. VAT ...

At the end of this month, it’s the big one – the delayed phase II of HMRC’s Making Tax Digital for VAT (‘MTD’). Over one million VAT registered businesses face tough new obligations on digital ...