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Huge increase in e-bike sales expected

12 Jun 2019

The e-bike market is forecasted to grow further across the UK competing with the car for short distances.
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How retailers are responding to online growth

12 Jun 2019

The growth of the online market space within retail is having a wider effect on the high street.
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Effective email marketing campaigns

12 Jun 2019

Newsletters are an incredibly popular means to engaging with consumers but on any given day our inboxes are flooded with a plethora of automated email newsletters, so how do you stand out?
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Report on violence in your store

12 Jun 2019

The Association of Convenience Stores (ACS) and the Home Office have been campaigning to raise awareness of violence and abuse towards retailers to encourage action and change.
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Love to Ride & The ACT

5 Jun 2019

Getting more people on bikes and using their local bike shops is a shared goal of Love to Ride and the ACT so we are doing it together.
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A guide to building a landing page

30 May 2019

15 key things to check when building a landing page Read more…

The UK high street retail sector

29 May 2019

A new survey focusing on small retail businesses has revealed a few surprising findings.
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Local Bike Shop Day 2020 save the date

22 May 2019

We are excited to announce that following the success of this year's event we are already busy preparing for next year's big day.
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Local Bike Shop Day 2019 busiest day ever!

16 May 2019

Local Bike Shop Day is the one day a year when independent bike shops across the UK can come together to celebrate their distinctive culture. It's the day for local bike shops to showcase their... Read more…

Ultimate guide to advertising on Facebook

15 May 2019

Are you interested in learning how to run Facebook ads? This is a step-by-step guide of best practices to advertising.
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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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