Archive for February, 2018

DOES YOUR ACCOUNTS SYSTEM COMPLY WITH MTD FOR VAT? Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. On 18 December 2017, HMRC published draft legislation together with examples of how the business account records might link with […]

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Another self assessment year finished on 31 January (final online submission date for the 2016/17 tax year) and HMRC has released its figures. 11,433,349 tax returns were due to be filed by midnight on 31 January and 10,637,761 (93.0%) were filed in time. There are around 745,588 self assessment tax returns still outstanding and if […]

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