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?
HMRC has announced scheduled maintenance taking place over this weekend on their Making Tax Digital services.
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.
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.
If you missed the 7th August MTD for VAT deadline you’re not alone. HMRC have reported that 76% of stagger one businesses (370,000 businesses) had signed up on time.
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.
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.
