Managing the Digital Revolution

Managing the Digital Revolution

Ensuring the smoothest transition for your business. Making Tax Digital (MTD) will mean most businesses and taxpayers access their tax affairs online through digital tax accounts in the near future. But what impact will MTD have on your business? What is Making Tax Digital? “Tax really doesn’t have to be taxing”, said former chancellor George […]

Update- Making Tax Digital

Update- Making Tax Digital

Now the Government is over the General Election The Treasury have announced a delay to Making Tax Digital. It was expected that businesses whose turnover exceeded  the VAT threshold would be required to make digital quarterly returns for income tax purposes form April 2018, this has now been put back to April 2019. Smaller businesses […]

Making Tax Digital

Making Tax Digital

  The income tax system as we have known it for the last 20 years is about to change dramatically. From April 2018 businesses whose turnover exceeds £85,000 will be required to keep their records in a digital format and to send HMRC an electronic quarterly summary of income and expenditure. After the end of the […]