Our affordable bridging software, MTDfVAT, has been the go-to choice for many businesses in the UK since Making Tax Digital for VAT began. We understand that your software needs to be cost-effective, both now and in the future. You need to find savings and be sure that you won't be hit with unexpected price hikes [...]
In this blog, our support team takes you through two frequently asked questions. Reauthorise MTDfVAT with HMRC For security reasons, your authorisation within MTDfVAT will expire every 18 months. Reauthorising the software is simple: Click OK when the error appears Proceed through the screens until you reach the login screen Sign in with your HMRC [...]
If you decided to defer VAT last year due to the first Coronavirus pandemic lockdown, you will soon be able to opt-in to a payment scheme. Here’s how to pay your outstanding VAT. Deferred VAT payments In support of businesses struggling with income during the first pandemic, the Government announced on 20th March 2020 that [...]
Bridging software remains compliant after the soft-landing period for Making Tax Digital for VAT ends in April 2021. The soft-landing period was extended to reduce the pressure of the Coronavirus pandemic on businesses, but at this time HMRC has not announced a further extension. So, what do you need to know about compliance after the soft-landing period?
The Lloyds Bank 2020 Transformation with Tech report provides key statistics that show how technology helps micro businesses adapt and survive.
HMRC will be undergoing scheduled maintenance over this weekend.
Getting to grips with MTD for VAT for small businesses need not be a headache. Making Tax Digital comes into effect from April 2021 for small businesses
From April 2022, Making Tax Digital for VAT will become mandatory for small businesses with taxable turnover below the VAT threshold. At present, that means those with a turnover below £85,000. Introducing small businesses to MTD for VAT To put it simply, Making Tax Digital for VAT is part of HMRC’s ambition to become a [...]
HMRC will be undergoing scheduled maintenance over this weekend, during which time Making Tax Digital services will be affected.
On 8th July 2020, Rishi Sunak used his Summer Statement to share a raft of economy stimulating measures as the country weathers the Coronavirus pandemic. One of those initiatives is a temporary reduction in the VAT rate for hospitality, holiday accommodation and attractions.
