{$inpagemarkup}

Search News

Results: 1-10 of 650


Small Business Strategy Inquiry 2025 - ACT and Bira call for members to share their voice

20 Jun 2025

The House of Commons Business and Trade Committee has asked the ACT, and its parent company Bira, to help them reach out to small business retailers across the country, for their quick input on... Read more…

Beyond the discount: Restoring integrity to the cycle supply chain

18 Jun 2025

The Association of Cycle Traders believes the time has come for greater accountability throughout our supply chain, writes ACT Director Jonathan Harrison in an article published for BikeBiz.
Read more…

Bira welcomes Wales' business rates proposals but calls for key improvements

11 Jun 2025

Bira has welcomed the Welsh Government's consultation on business rate reforms for retail shops, whilst calling for significant improvements to ensure the proposals truly support high street... Read more…

New awards launch to champion Britain's independent high street heroes

9 Jun 2025

Retailers on Britain's high streets are being encouraged to put themselves forward for the first-ever Love Your High Street Awards, designed to celebrate the small businesses that bring... Read more…

"Tectonic shift" in employment law threatens independent retailer viability, warns Bira podcast

6 Jun 2025

Independent retailers are facing a "generational" transformation of employment law that could fundamentally change how small businesses operate, according to the final episode of Bira's first... Read more…

Retailers hope warm weather and bank holidays will boost high street sales

16 May 2025

ACT parent company Bira has said that members are hopeful the warm weather, Easter weekend and upcoming bank holidays will provide a much-needed boost to high street sales.
Read more…

Economic growth surges to 0.7%, but "April reality check" looms for high street retailers

15 May 2025

UK economy delivers strongest quarterly performance in a year despite forecasts of business downturn.
Read more…

Communities come together for Local Bike Shop Day 2025 celebrations

13 May 2025

Local Bike Shop Day 2025 brought a wave of... Read more…

ACT parent company Bira welcomes Bank of England's latest interest rate cut

8 May 2025

ACT parent company Bira has welcomed the Bank of England's decision to reduce interest rates from 4.5% to 4.25%, calling it a "much-needed boost" for the retail sector, including for cycling... Read more…

ACT parent company Bira responds to Beales' "Rachel Reeves Closing Down Sale" as iconic store makes final protest

8 May 2025

ACT parent company Bira has responded to the news that the 144-year-old Beales department store is staging a "Rachel Reeves Closing Down Sale" in its final weeks of trading, with giant yellow... Read more…

Back to news menu

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.


Back to news menu

Useful links

If you have any other queries please contact us.