HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD.
More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed.
The VAT notice for Making Tax Digital (MTD) has been updated, relaxing the rules to help clients.
A quarter of the cases on HM Revenue & Customs’ (HMRC) list of major defaulters are from the restaurant and takeaway sector, according to the latest data.
The UK economy has weathered the worst of the Brexit financial fallout and should be able to continue without “too much damage”, experts have said.
The tax gap – the difference between the amount of tax that should be paid and what is actually paid – has shrunk to just 5.6 per cent.
UK industry is calling for the Government to delay plans to extend the IR35 tax law to the private sector.
A man who opened the first ‘Neolithic’ burial mound to be built in the UK for some 5,500 years has been asked to pay more than £13,000 in business rates.
The length taken to settle HM Revenue & Customs (HMRC) tax investigations reached an all-time high in March 2019.
Making Tax Digital (MTD) was launched in April 2019 for VAT. Now, hundreds of thousands of VAT-registered businesses who are above the VAT threshold of £85,000 are recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).