There is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on 6 April 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC).
Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement today (19 December 2022).
HM Revenue and Customs (HMRC) is reminding businesses that from Tuesday 1 November, they will no longer be able to use their existing Value Added Tax (VAT) online account to submit VAT returns.
Businesses have less than a week to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) becoming mandatory for VAT-registered businesses on 1 April, HM Revenue and Customs (HMRC) said today.
• Make sure your business is prepared for the change – take steps now Businesses are reminded to take steps to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.
Businesses will have an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs (HMRC) has announced 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.
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
A pilot for a new online VAT service was launched today, with HM Revenue & Customs (HMRC) inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.
The tax gap for 2016/17 is 5.7%, HM Revenue and Customs (HMRC) confirmed today.
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, official statistics published today reveal.
Paying tax will become less burdensome for British businesses under plans for a twenty-first century tax system detailed by HMRC today.