HMRC Update: MTD for VAT Errors
HMRC has issued an update to advise that they are taking longer than usual to send confirmation emails when customers sign up to Making Tax Digital.
HMRC has issued an update to advise that they are taking longer than usual to send confirmation emails when customers sign up to Making Tax Digital.
As a business managing your own VAT returns under the Making Tax Digital rules that came into effect this year, it is important to note that some important dates are coming up. MTDfVAT have created a guide to some key deadlines approaching.
The first monthly MTDfVAT submissions are due this week – 7th June and if you don’t yet have all your eligible clients on MTD-ready software then we’re here to help.
The first monthly MTDfVAT submissions are due this week – 7th June and if you don’t yet have all your eligible clients on MTD-ready software then we’re here to help.
MTD has been live since April 2019, and yet businesses and individuals still don't know what to do about it. For the first year, this will apply to companies with a turnover of £85,000, though you can sign up early if you want.
To allow delivery of additional functionality, essential maintenance to the Making Tax Digital (MTD) VAT service has been scheduled from 4 pm on Saturday 11th May until 4 pm on Monday 13th May.
For this year’s Accountex, the MTDfVAT team are gearing up to showcase lots of exciting developments – all of which are designed to help make accounting and finance professionals’ lives easier.
With Making Tax Digital live, it's only sensible to make sure that both you and your company have taken appropriate measures, familiarised yourself with the relevant protocols and are MTD ready.
With MTD going live on April 1st, media coverage has increased. This has though highlighted several pieces of miss-information, which we feel may not be helping your move to Making Tax Digital.
We know that not every business is the same. Some file one set of accounts under one VAT number, while others submit multiple spreadsheets for one VAT number.