MTD for VAT service downtime will affect MTDfVAT this weekend
HMRC will be undergoing scheduled maintenance over this weekend, during which time Making Tax Digital services will be affected.
Temporary reduced VAT rate for hospitality, holiday accommodation and attractions
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.
HMRC Update: Letters to businesses regarding Making Tax Digital
HMRC are resuming activities to remind businesses to sign up for Making Tax Digital for VAT. This includes issuing letters to businesses.
Feature updates to MTDfVAT
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 Update: Making Tax Digital scheduled maintenance
HMRC has announced scheduled maintenance taking place over this weekend on their Making Tax Digital services.
HMRC announces extension of soft landing period for Making Tax Digital
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 Update: Deferral of VAT payments due to Coronavirus
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 Update: Planned MTD for VAT service downtime
HMRC has issued details of planned downtime, which will mean some services are unavailable.
HMRC to get serious about MTD for VAT penalties
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.
Are you ready? The MTD for VAT soft landing period is ending in April
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.