Today brings the start of the 2020/21 tax year. We take a look at what’s staying the same and the changes coming into play.
This blog is the second of two looking at the report released by HMRC to update the public on Making Tax Digital for VAT and ITSA. In this post, we look at the ITSA service.
HMRC has released information for businesses related to making VAT payments between 20th March 2020 and 30th June 2020, allowing deferral of payments.
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.
A recent survey carried out by CIOT and ATT has shown that a majority of businesses are spending more than HMRC’s predicted costs to implement Making Tax Digital for VAT.
The delayed Budget date has now been set for 11th March 2020. Read on for a round-up of expectations from experts around the web.
From April 1st 2020, most UK VAT registered businesses with a taxable turnover above the VAT threshold are due to come out of the soft landing period.
HMRC have advised that some letters for “VAT Notice of Assessment of Tax” recently sent to Making Tax Digital customers were issued in error.
HMRC have issued an update regarding inaccurate SA302 calculations which were issued for 2017/18 for some Self-Assessment customers affected by exclusions.
With just a week until the Halloween Brexit deadline, we take a look at some of the potential outcomes for VAT and trading with the EU after 31st October 2019 should the extension be denied, and no deal reached for the UK’s exit from the EU.
