We are delighted to announce that this morning HMRC have added Pandle to their list of recognised software suppliers supporting Making Tax Digital for VAT. Now, whilst it may seem like we’re cutting things a little fine with the deadline only two weeks away, we would like to reassure users that Pandle has been fully…
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
We have had a few questions lately about the upcoming Making Tax Digital initiative laid out by the government, and whether Pandle will be able to support it….
As a UK business, you must register for paying VAT if your ‘VAT taxable turnover’ is more than £85,000. For many small businesses, that sounds like a large sum. In fact, if you’re in a sales-based business, as many are, it’s really not so large in practice. In reality, that’s actually ‘only’ around £1635 per…
VAT Returns are no one’s favourite thing. Aside from the endless number of receipts you have to sort through from the last six years, once you’ve input all the data in your own cloud accounting solution you then have to go to the HMRC portal and re-enter the information there to submit your return….
