MTD VAT Pilot is now open to all

MTD VAT Pilot is Now… Open to All HMRC announced (10/1/2019) that their Making Tax Digital for VAT (MTDfV) pilot is now open to all those mandated to keep digitally compliant records and to file MTD-compatible VAT returns for return periods commencing after 31...

MTD Pilot opens to certain businesses

Making Tax Digital for VAT pilot In the middle of October, HMRC opened the Making Tax Digital for VAT pilot. This is now available for nearly 70% of those mandated to file MTD-compliant VAT returns for all future VAT-return periods starting after the 31 March 2019....

VAT Making Tax Digital – A Giant Step

Newswire and blog articles in HTML: VAT Making Tax Digital – A Giant Step Growing confidence It’s official. Sole traders and companies with up-to-date VAT affairs are now able to join HMRC’s test phase for VAT Making Tax Digital (MTD). While testing of VAT-MTD started...

Rising interest rates from Bank of England

The recent Bank of England 0.25% interest rate increase (to 0.75%) sees UK interest rates at their highest since March 2009. This change will have an immediate impact on interest costs, such as mortgages for those on variable or tracker rates, whilst the rise may take...

HMRC confirms UK ‘tax gap’ fall to 5.7%

The tax gap for 2016 – 2017 has fallen to 5.7%, HMRC has confirmed. The “tax gap” relates to the tax that should be paid and the actual tax paid to HMRC. In a statement, Mel Stride, Financial Secretary to the Treasury, said: ‘These really positive figures show that...