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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
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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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First e-bike shop to open in Guernsey

1 Mar 2019

This weekend marks the date of the very first e-bike shop to open in Guernsey
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Making Tax Digital: Update

Posted on in Business News, Cycles News

national living wage The government has just announced that Making Tax Digital (MTD) will not be mandated for any new taxes in 2020. This changes the prior timetable to introduce MTD for Income Tax Self-Assessment and Corporation Tax from 2020.

MTD will be implemented on the 1st of April 2019 for VAT, with a light touch approach to penalties in 2019/20.

If a business can prove they are doing their best to comply, no filing or record-keeping penalties will be issued to retailers.

The Association of Convenience Stores (ACS) has published guidance for retailers on complying with MTD, available here.

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