Making Tax Digital, the Treasury’s drive to digitise how we file tax returns and make VAT more transparent, is changing in April. Small Business sat down with Fabiano Rocha, product marketing manager ...

The initial phases of the Making Tax Digital for VAT (MTD for VAT) rollout could be fraught with challenges due to a reluctance among smaller businesses to change, market participants have said. As of ...

From April 2022, all VAT-registered businesses with taxable turnover under £85,000 will need to comply with Making Tax Digital (MTD), HMRC’s new digital tax legislation. In fact, many will have ...

QUESTION: I run a farming business and I keep financial books and records on spreadsheets. I provided these spreadsheets to my accountant every quarter for him to submit my VAT returns. I am reading ...

HM Revenue and Customs (HMRC) has issued an urgent warning to businesses across the UK, reminding them that from Tuesday, November 1, they will no longer be able to use their existing Value Added Tax ...

HMRC changes are coming in for income tax for self-employed and landlords. Sole traders and landlords with qualifying income exceeding £50,000 must adopt Making Tax Digital (MTD) for Income Tax, HMRC ...