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Brexit: Update

18 Mar 2019

Latest updates on Brexit and the parliamentary votes
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Making Tax Digital: Update

18 Mar 2019

The government has recently presented new information surrounding Making Tax Digital
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Making Tax Digital Deadline: 1st of April

11 Mar 2019

Now with less than a month until Making Tax Digital (MTD) requirements come into force for VAT, make sure you are ready
Read more…

Brexit update: Government announces Workers' Rights Protections

11 Mar 2019

The government has announced the Workers' Rights Protections for Brexit
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APPCG Tackling cycle theft meeting

8 Mar 2019

Over 50% of all bike owners have had a bike stolen, accounting for 2% of all reported crimes. Join us at the next APPCG meeting to tackle cycle theft.
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Belhaven Bikes takes part in another LBSD!

6 Mar 2019

Belhaven Bikes, born in 2005, is an indie bike shop representing the local community of Dunbar and beyond
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Focus on people, both your staff and customers

6 Mar 2019

In retail, it is becoming more and more apparent that corporate strategies and emotional intelligence are at the frontline of a flourishing, buoyant store
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Are you ready?

6 Mar 2019

Organisation total minimum contributions to be paid into staff pension schemes increase on 6th April 2019
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10 Global Predictions for Retail 2019

4 Mar 2019

Expert consultancy firm AlixPartners take a look at the challenges and opportunities that face retail in 2019.

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Rural MPs supporting Local Shops

1 Mar 2019

MPs are supporting the rural convenience stores that are an indispensable hub for thousands of isolated communities across the UK
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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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