Last call for VAT traders to prepare for new filing regulations
As we have mentioned before in this newsletter, VAT returns filed for periods commencing on or after 1 April 2019, may need to be filed using the new Making Tax Digital (MTD) protocols. The new filing obligations will apply to VAT registered businesses with turnover above the current VAT registration limit, £85,000.
To comply with MTD firms will need to file their returns – for periods commencing on or after 1 April 2019 – using software that can link with HMRC’s MTD servers.
Readers affected, and who have not yet considered their options, should take advice, and quickly. We can offer advice on the use of appropriate software, but time is running out. Avoid last minute challenges and call now to discuss your options.
Latest News
- More regulation for trader recommendation sites - July 23, 2024
- Back to work plan - July 22, 2024
- How will Rachel Reeves change UK taxation? - July 18, 2024
- Government is using AI - July 16, 2024
- Remember to pay your Class 1A NIC - July 11, 2024
- Beware business rates appeals deadlines - July 9, 2024
- Tax Diary July/August 2024 - July 5, 2024
- Filing your tax return early - July 5, 2024