MTD for VAT brings in up to an extra £195 million in tax
Estimates show that up to £195 million in extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC. The research,…
Making Tax Digital for Income Tax Self Assessment delayed for a year
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year, HMRC recently announced. The government says it has…
Making Tax Digital extended to include all VAT registered companies, income tax and property income
Yesterday, a new legislation was drafted by the UK Government to extend the Making Tax Digital rules to include all VAT registered companies above or below the threshold from April…
Everything you need to know about MTD before your first VAT return
If you comply to Making Tax Digital and your first VAT quarter started on April 1st, you have until August 7th to file you VAT return via Making Tax Digital. HMRC…