Lords recommend delay in Making Tax Digital for VAT until 2020

The House of Lords economic affairs committee said that it had ‘been struck with a sense of déjà vu’ throughout its inquiry, finding it disappointing ‘that many of the concerns raised in evidence to this inquiry have repeated issues addressed in our 2017 report’. The 2017 report suggested that the tax gap benefit supposed by Read more about Lords recommend delay in Making Tax Digital for VAT until 2020[…]

Making Tax Digital (MTD) – VAT update

HMRC published a new notice (700/22) in July with more detail on Making Tax Digital for VAT (MTDfV).   The notice confirms that MTDfV will apply to all businesses for the first VAT period starting on or after 1 April 2019 where their turnover was in excess of the registration limit (currently £85,000) in the Read more about Making Tax Digital (MTD) – VAT update[…]