VAT
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Making Tax Digital for VAT post April – what now?
Every VAT-registered business will have to register with Making Tax Digital from 1 April. Fabiano Rocha of Sage explains how HMRC digital VAT reporting is changing and what future changes we can expect
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What is the HMRC penalty system for Making Tax Digital?
As well as a new, digitised tax system, Making Tax Digital Making Tax Digitalfor VAT will also see the introduction of two new HMRC penalty regimes for late submissions and late payments, which will subsequently apply to Income Tax Self Assessment. As long as you continue to be diligent about deadlines, there’s nothing to worry […]
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Making Tax Digital for VAT: 6 simple tips to get your business ready
Making Tax Digital for VAT requires you to keep digital VAT records and submit VAT returns using compliant software. Failure to do so could result in penalties. But don’t worry if you’re feeling uncertain or wary about the coming changes. Just follow these six simple tips and you’ll be ready for MTD for VAT. 1. […]