Tax gap falls to lowest recorded rate
Press releases • Jul 09, 2020 12:27 BST
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
Businesses with an annual turnover above £85,000 are being urged by HM Revenue and Customs (HMRC) to sign up to Making Tax Digital before the 7 August VAT filing date.
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
There is just one week to go until Making Tax Digital for VAT is introduced for more than a million businesses.