VAT is added to the cost of pretty much everything you can buy in the UK. If you run a business, you may be required to register for and collect VAT on behalf of the Government. Find out how it works in this quick guide. more»
Software for Making Tax Digital is designed to make keeping your books easier. The HMRC initiative requires that companies keep digital records and submit VAT returns digitally, using HMRC recognised software. We've summarised six of the best options for small businesses, freelancers and contractors. more»
The HMRC soft landing period was designed to ease the transition to Making Tax Digital (MTD) compliance for UK VAT registered businesses. However, plenty of businesses have still not set […] more»
No one likes the admin involved in filing taxes, with roughly 7% of people missing the selfassessment deadline each year. more»
Small businesses are urged to double check that they really are Making Tax Digital compliant before they face complications. more»
Over a million business owners are yet to register for Making Tax Digital, a Freedom of Information request has revealed, as HMRC's significant legislative change approaches. more»
Software provider MTDfVAT has produced five top tips on how to best prepare for this revolutionary change within HMRC. more»
From 1 April 2019, all VAT-registered businesses will need to record and file their VAT records digitally. Small business owners now need to start preparing for the full transition to digital accounting. more»
HMRC should postpone the first stage of Making Tax Digital, according to a parliamentary committee accusing the tax office of not listening to the concerns of Britain's small business owners. more»
With six months to go until the first stage of HMRC's Making Tax Digital is introduced, the tax office has rolled out its first test pilot and business owners have been urged to apply. more»
