Managing Documents at Deadline Time
Tax deadlines have a nasty habit of suddenly looming. Whether you’re waiting until the last minute to file your Self-Assessment, or you have another VAT deadline on the horizon….
Making Tax Digital
The UK tax system is changing, with the introduction of Making Tax Digital (MTD). Find information about how MTD affects you and your business, what you need to do to comply, and when.
Accountants, Are You Talking To Your Clients About MTD for Income Tax Self Assessment (ITSA)?
Let’s start this with another question. Should you be talking to your clients about Making Tax Digital for Income Tax Self Assessment (ITSA)? Guidance around it is still fairly generic, so it’s difficult to offer clients much in the way of detail. But, the internet is slowly filling with articles rehashing what little is known…
Is it Easy to Submit A VAT Return Using MTD Software?
With the government in the process of Making Tax Digital, businesses are moving towards keeping finance records digitally. After several delays, the MTD for VAT scheme comes into full force from 1st April 2022. Previously the rules only applied to VAT registered businesses with a taxable turnover over the registration threshold. Under MTD, they are…
Where Do I Find My VAT Reference Number?
Your unique VAT number is shown on the registration certificate which HMRC issue when your business becomes VAT registered. Once you receive your VAT registration certificate, you (or your agent) can create an online VAT account. What does my VAT reference number look like? If you have a UK VAT number it will be 9…
When Do I Need to Submit My Self Assessment?
There’s always lots to do and plan when you’re running a business, but taking care of your tax return shouldn’t be near the end of the list. That’s right – we said it – the Self Assessment deadline is never more than 12 months away, so getting your finances records ready will help. It’s a…