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Retailer tactics that shone online and over the Christmas trading period

18 Jan 2019

Reports and insight into tactics that worked for retailers online and across the sales channels in the recent months with a particular focus on the Christmas period.
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Local shops supported by Welsh assembly members

18 Jan 2019

Assembly members were able to pledge their support for their local shops at the National Assembly for Wales.
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Can discounting have a negative impact?

14 Jan 2019

This year may mark the most brutal Christmas and New Year's for retailers ever.
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Future High Streets Fund

9 Jan 2019

The launch of Future High Streets Fund is there to modernise high streets and town centres.
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Decline in Boxing Day footfall

9 Jan 2019

The footfall numbers from Boxing Day have declined for the third consecutive year.
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UK not ready to go cashless yet

9 Jan 2019

The Access to Cash Review published a report suggesting that the UK is not ready to go cashless yet.
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Government plans to extend plastic bag charges

9 Jan 2019

The Government plans to extend the charge of plastic bags to small retailers by 2020, with plans to increase the charge from 5p to 10p.
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Making Tax Digital pilots and webinars available

8 Jan 2019

Making Tax Digital (MTD) is to come into effect on the 1st of April 2019, find out what you need to do and more helpful tips.

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APPCG meeting on latest updates from Manchester and London

7 Jan 2019

The APPCG hope you can join their next meeting on the latest updates from Manchester and London.
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20-70% correction in retail properties

18 Dec 2018

Fidelity is predicting a 20-70% correction in retail property as the sector gets de-rated due to rent cuts.
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Making Tax Digital pilots and webinars available

Posted on in Business News, Cycles News, Political News

HMRC has the ambition to become one of the most digitally advanced tax administration in the world with Making Tax Digital (MTD). Businesses and agents are increasingly recognising the benefits of digitisation and MTD plans to make fundamental and crucial changes to the way the tax system works. Tax systems will become more effective, efficient and easier for taxpayers to get their tax right.

tax 

What will MTD mean for businesses?

Businesses will be able to devote more time, attention and energy to maximising business opportunities, grow and implement good financial planning.

What is MTD?

Businesses with a taxable turnover above the VAT threshold of £85,000 are required to keep VAT records digitally. Submission of VAT returns will need to be done using MTD-compatible software.

MTD allows for the digitisation of the VAT return process to reduce the tax gap and support businesses in staying on top of their tax affairs.

Ahead of the implementation of MTD, HMRC is holding webinars for businesses on:

  • How to prepare their business
  • Information on registering for the Public Beta Pilot.

Read the full story here.

The next webinars will be held on the 22nd of January at 11am, 1pm and 3pm

The government is also offering MTD pilots, find all the guidance you need here and sign up for MTD pilots here.

MTD pilots for VAT will open early 2019 to partnerships and those customers who trade with the EU.


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