Making Tax Digital

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Tax | Business understanding of MTD extension worryingly low

Half of businesses did not understand their reporting obligations under the extension of Making Tax Digital for VAT, even in January of this year

9 Jun 2022

Tax

Making Tax Digital

Tax | Landlords not aware of Making Tax Digital for income tax

Nearly 40% of respondents to the latest HMRC IPSOS research on Making Tax Digital said that it would be difficult to start reporting income tax on a quarterly basis when rules come into force in 2024

6 Jun 2022

Tax | Treasury minister sets out tax priorities

The extension of Making Tax Digital to landlords and sole traders is critical for the government, as is reform of R&D tax reliefs and the apprenticeship levy, confirms minister

28 Apr 2022

Tax | New tax year: how it affects your personal finances

The new tax year starts on 6 April with a number of tax changes that will affect personal finances. As the 2021-22 tax year draws to a close, Stevie Heafford, tax partner at HW Fisher outlines the 10 key changes

5 Apr 2022

Tax | Filing deadlines: April - June 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, VAT quarterly instalments, and Making Tax Digital (MTD)

1 Apr 2022

Tax | Less than one week to go for Making Tax Digital

Businesses have less than a week to prepare for Making Tax Digital (MTD) for VAT becoming mandatory for VAT-registered businesses on 1 April, warns HMRC

28 Mar 2022

Tax | Q&A: how to keep VAT records under Making Tax Digital

In this week’s Q&A, David Smith, VAT adviser at Croner Taxwise, explains the new digital reporting requirements for all VAT registered businesses from April under Making Tax Digital rules

22 Mar 2022

Tax | Making Tax Digital for VAT – subsidiary reporting

As the extension to Making Tax Digital (MTD) for VAT comes into force on 1 April, Russell Gammon, chief solutions officer at Tax Systems, explains the implications for subsidiaries

15 Mar 2022

Tax | MTD brings in £195m more tax

An estimated £195m extra tax revenue has been brought in through businesses using Making Tax Digital (MTD) for VAT reveals research from HMRC

11 Mar 2022

Tax | More than 80% of impacted businesses unaware of MTD changes

With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline

4 Mar 2022

Tax | Filing deadlines: March-May 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, corporation tax instalments, and Making Tax Digital (MTD)

2 Mar 2022

Tax | MTD for income tax exemptions clarified

HMRC has clarified the reasons for when to apply for an exemption from using Making Tax Digital (MTD) for Income Tax

15 Feb 2022

Tax

Making Tax Digital

Personal Tax

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Tax | How accountants can help small businesses adopt MTD

The next phase of Making Tax Digital for VAT will affect all small businesses so getting ready for the change is vital. Glen Foster, director, small business & accounting partners, Xero, provides useful tips

8 Feb 2022

Tax | MTD for VAT raises costs for smallest businesses

Businesses using bridging software see limited benefits from Making Tax Digital for VAT while they are concerned that prices will rise

4 Feb 2022

Tax | Filing deadlines: February - April 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, corporation tax instalments, VAT returns, and Making Tax Digital (MTD)

1 Feb 2022

Tax | Voluntary sign ups for Making Tax Digital low

Total sign-ups for HMRC’s Making Tax Digital (MTD) for Income Tax pilot has decreased from 877 in the pilot’s first year to only 26 in the 2020-21 tax year which causes concern for accountants

24 Jan 2022

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Latest news

Tax | Business understanding of MTD extension worryingly low

Tax | Landlords not aware of Making Tax Digital for income tax

Tax | Treasury minister sets out tax priorities

Tax | New tax year: how it affects your personal finances

Tax | Filing deadlines: April - June 2022

Tax | Less than one week to go for Making Tax Digital

Tax | Q&A: how to keep VAT records under Making Tax Digital

Tax | Making Tax Digital for VAT – subsidiary reporting

Tax | MTD brings in £195m more tax

Tax | More than 80% of impacted businesses unaware of MTD changes

Tax | Filing deadlines: March-May 2022

Tax | MTD for income tax exemptions clarified

Tax | How accountants can help small businesses adopt MTD

Tax | MTD for VAT raises costs for smallest businesses

Tax | Filing deadlines: February - April 2022

Tax | Voluntary sign ups for Making Tax Digital low