MTDfVAT brings flexible and affordable bridging software for Making Tax Digital. We’re delighted to bring you news of the latest feature updates that make this well-liked software even better. There’s no need to download anything – this software is browser-based so next time you log in all the features will be ready. The VAT Dashboard [...]
HMRC has announced scheduled maintenance taking place over this weekend on their Making Tax Digital services.
The soft landing period for Making Tax Digital for VAT was due to end as of 31st March 2020, However, the soft landing period will now extend and end for VAT periods starting on or after 1st April 2021.
HMRC has released information for businesses due to make a VAT payment between 20th March 2020 and 30th June 2020. This is to help businesses manage their cash flow during this period.
HMRC has issued details of planned downtime, which will mean some services are unavailable.
The soft landing period expires on April 1st 2020 for most UK VAT registered businesses, and the penalties system will be revised to bring it in line with Income Tax and Corporation Tax.
The first wave of mandated businesses are due to come out of soft landing effective from their first VAT return period starting on or after April 1st 2020.
From November 1st 2019, the eligibility criteria for VAT grouping were extended to allow individuals, partnerships, and Scottish partnerships to group with UK corporate bodies.
Although Making Tax Digital was mandated for the majority of UK VAT registered entities from April 1st 2019, some businesses are still unsure about what it’s all about. We take you back to the basics and answer some frequently asked questions.
HMRC have advised that some letters for “VAT Notice of Assessment of Tax” recently sent to Making Tax Digital customers were issued in error.