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.
Making Tax Digital, or MTD for short, is an initiative actioned by HMRC to create a simpler, more efficient tax system for everyone involved. The scheme significantly changes the way businesses record and report tax information in a bid to streamline both processes and systems. MTD rules are rolling out in stages, with VAT-registered businesses…
Don’t you hate it when you’re in the middle of doing something, only to discover you missed a step and now there’s another thing you need to sort out first? Like making a cake, and then realising you forgot to put the oven on to warm up. It’s not the end of the world, but…
Ah, Corporation Tax, the unavoidable pain in the wallet. But what’s it all about? How much is it and when do you have to pay? If you’re looking to start a limited company, we thought we’d give you a quick insight into the main points around Corporation Tax so you can be armed with the…
HM Revenue and Customs (HMRC) use the Self Assessment system to collect income tax. While the idea of submitting a tax return can be daunting, Self Assessment is normally more straightforward than it seems (once you get past the terminology). Who needs to complete a Self Assessment tax return? In most cases, anyone who…
Making Tax Digital (MTD) is with us now, and whilst change can be daunting, non-compliance is worse! But don’t worry; once you make the move to online tax it’ll free-up time in your business to do what you do best. So, let’s take a look at the state of play with MTD and what it…
