by admin | Feb 14, 2019 | Uncategorized
MTD VAT Pilot is Now… Open to All HMRC announced (10/1/2019) that their Making Tax Digital for VAT (MTDfV) pilot is now open to all those mandated to keep digitally compliant records and to file MTD-compatible VAT returns for return periods commencing after 31...
by admin | Nov 4, 2018 | Uncategorized
Growing confidence It’s official. Sole traders and companies with up-to-date VAT affairs are now able to join HMRC’s test phase for VAT Making Tax Digital (MTD). While testing of VAT-MTD started last April, until now it has been on a limited, controlled,...
by admin | Oct 4, 2018 | Uncategorized
Since November 2017, more than 120,000 first-time buyers have saved £284,000 following the introduction of first-time buyers’ relief from Stamp Duty Land Tax (SDLT). SDLT is a tax on properties in England and Northern Ireland. It is estimated that, over the next five...
by admin | Aug 10, 2018 | Uncategorized
The tax gap for 2016 – 2017 has fallen to 5.7%, HMRC has confirmed. The “tax gap” relates to the tax that should be paid and the actual tax paid to HMRC. In a statement, Mel Stride, Financial Secretary to the Treasury, said: ‘These really positive figures show that...
by admin | Aug 10, 2018 | Uncategorized
The recent Bank of England 0.25% interest rate increase (to 0.75%) sees UK interest rates at their highest since March 2009. This change will have an immediate impact on interest costs, such as mortgages for those on variable or tracker rates, whilst the rise may take...
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