HMRC publishes Making Tax Digital ‘Mythbusters’ helpsheet

HM Revenue & Customs (HMRC) has published a Making Tax Digital (MTD) ‘Mythbusters’ helpsheet to clarify the current situation regarding businesses and MTD.

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Political uncertainty continues to stunt growth among small business community

More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed.

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Making Tax Digital – important updates

The VAT notice for Making Tax Digital (MTD) has been updated, relaxing the rules to help clients.

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A quarter of major defaulters on HMRC list are in the restaurant and takeaway industry

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.

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ICAEW gives UK economy the green light

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.

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UK ‘tax gap’ at record low, figures reveal

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.

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Industry bodies call for Government to delay IR35

UK industry is calling for the Government to delay plans to extend the IR35 tax law to the private sector.

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Next Steps for Making Tax Digital

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).

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HMRC exceeds prosecution referral target

HM Revenue & Customs (HMRC) has exceeded its prosecution referral target for the year ending March 2018.

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Almost half of all UK SMEs think technology is more important to their business than people

Almost half of all small and medium-sized enterprises (SMEs) believe that technology is more important to their business than people, according to new research.

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