An early Christmas present was delivered today to small businesses and landlords as the First Secretary to the Treasury issued a written statement confirming the changes to the planned introduction of Making Tax Digital to self-assessment at lunchtime on Monday…
Many small businesses are still unsure of the benefits of using MTD software. We have outlined some of the benefits of moving from spreadsheets to MTD software. The introduction of Making Tax Digital (MTD) 2022 saw the introduction of Making…
Are you unsure whether to use Making Tax Digital software or spreadsheets for your tax returns? For businesses wanting to continue using spreadsheets, we outline the benefits vs the disadvantages. What is Making Tax Digital (MTD) for VAT registered businesses?…
Making Tax Digital for VAT registered businesses for businesses above the VAT threshold of £85,000 has been compulsory since 2019. However, from November 2022, all VAT-registered businesses must comply with Making Tax Digital (MTD) and submit returns using MTD-compatible software.…