MTD Pilot opens up to more businesses
HMRC is maintaining momentum in the introduction of Making Tax Digital for VAT (MTDfV) as we head towards the deadline for implementation. The post MTD Pilot opens up to more businesses appeared first...
View ArticleChancellor: VAT MTD is go, but no further mandation until 2021
Brian Palmer, AAT's tax policy expert, offers a summary of the Chancellor's Spring Statement. The post Chancellor: VAT MTD is go, but no further mandation until 2021 appeared first on AAT Comment.
View ArticleHow should accountants be preparing their clients for MTD?
According to research by AAT, just 44% of accountants currently feel they are prepared for the 1 April deadline. The post How should accountants be preparing their clients for MTD? appeared first on...
View ArticleMTD for VAT a huge challenge or a wonderful catalyst for growth?
How MTD will allow accountants to embrace digitisation and new technology. The post MTD for VAT a huge challenge or a wonderful catalyst for growth? appeared first on AAT Comment.
View ArticleAccountants: You need an agent services account for Making Tax Digital
HMRC has recently issued updated guidance, confirming that accountants and tax advisers need to create (sign up for) a single Agent Services Account (ASA) for their entire practice. The post...
View ArticleHMRC email to 650K VAT registered taxpayers
HMRC is issuing an email to 650,000 VAT registered taxpayers to remind businesses that, if applicable, their VAT records should now be kept digitally. The post HMRC email to 650K VAT registered...
View ArticleMaking Tax Digital – the benefits from your perspective
Most VAT registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to keep digital VAT records and send HMRC their VAT returns using Making Tax Digital-compatible...
View ArticleEverything you wanted to know about MTD but were too afraid to ask
From uncertainty concerning when, or whether it will affect your business to the mystery of what functionally compatible software is, we aim to answer any nagging questions here… The post Everything...
View ArticleTackling MTD as a larger organisation
Here, three large companies explain how they’ve overcome the challenges of MTD, from tech troubleshooting to staff training. The post Tackling MTD as a larger organisation appeared first on AAT Comment.
View ArticleMTD: the secret boost for bookkeeping
The MTD roll-out shifts the focus from end-of-year filing to ongoing, real-time bookkeeping submissions. So now's a great time to start offering this service if you don't already. The post MTD: the...
View ArticleHow MTD for income tax will shape the digital landscape
The next phase of MTD will accelerate digital transformation. By the end of the 2020s accounting and bookkeeping will be very different. The post How MTD for income tax will shape the digital landscape...
View ArticleThe MTD ‘grace’ period is over – so what now?
HMRC now requires data to be linked from end to end - are you ready? The post The MTD ‘grace’ period is over – so what now? appeared first on AAT Comment.
View ArticleChancellor expected to reveal new MTD road map
After an eighteen month wait, the Government is expected to announce new milestones in its Making Tax Digital initiative in next week’s budget. Boris Johnson’s Government has a big majority and is...
View ArticleMaking Tax Digital soft landing extended for a year
HMRC has postponed plans to require businesses to maintain end-to-end dynamic data in VAT records due to the coronavirus (Covid-19) crisis. The post Making Tax Digital soft landing extended for a year...
View ArticleThe stage is set for a Making Tax Digital announcement
With all that’s been happening in 2020 you could be forgiven for thinking that HMRC has lost its enthusiasm for Making Tax Digital (MTD). Well you might think that, but…..I’d be willing to bet you’re...
View ArticleWhat the new Making Tax Digital programme will mean for businesses
HMRC has put Making Tax Digital for Business (MTDfB) back on the agenda in a big way by revealing an ambitious plan to introduce it to small firms starting in 2022. Businesses will have little more...
View ArticleHow will tech companies help accountants with Making Tax Digital for business?
Are software companies ready to help accountants with the next phase of Making Tax Digital? When HMRC was preparing the finance industry for Making Tax Digital for VAT, one of the stumbling blocks for...
View ArticleAre small businesses ready to deal with Making Tax Digital?
As the government announces the next phases of Making Tax Digital, are small businesses on track? The post Are small businesses ready to deal with Making Tax Digital? appeared first on AAT Comment.
View ArticleIs it time to ditch clients who won’t go digital?
Should accountants shun businesses who are old-fashioned and costly to serve? The post Is it time to ditch clients who won’t go digital? appeared first on AAT Comment.
View Article£10,000 Making Tax Digital threshold “inherently unfair and unjustifiable,”...
AAT Head of Public Affairs & Public Policy urges Government to think again on the proposed Making Tax Digital (MTD) exemption threshold for businesses and landlords with business income over...
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