Main points from the budget (29 October 2018)

Here are some of the key points from the budget of 29 October 2018: Savings The ISA allowance is held at £20,000. The Junior ISAs annual allowance and Child Trust Funds for 2019/20 will be increased in line with CPI to £4,368. National Savings and Investments (NS&I) have announced the minimum investment for premium bonds Read more about Main points from the budget (29 October 2018)[…]

New VAT Limit for digital supplies

If you sell digital products, e.g. downloadable publications, to customers who are located in the EU you might be required to register for VAT in those countries. However, soon this won’t be necessary if your sales in the EU aren’t significant. What’s changing? From 1 January 2019 an annual €10,000 (HMRC will set a sterling equivalent) Read more about New VAT Limit for digital supplies[…]

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[…]