Making Tax Digital for ITSA
Changes are coming for anyone that pays Income Tax via Self-Assessment. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will be a requirement for anyone with a business and/or property income of more than £50,000 per year, from April 2026.
Making Tax Digital (MTD) for VAT and the New Penalty System
As of 1 April 2022, all VAT registered businesses are required to maintain and submit their company accounts using software which is compliant with the Making Tax Digital (MTD) Scheme. Since the role out of MTD in 2019, it was only businesses that exceeded the VAT...
Choosing the right Cloud Accounting Software for your Business
Since HMRC introduced Making Tax Digital (MTD) in 2019, it has become increasingly important that businesses consider cloud accounting, or accounting software, as it is also commonly known. The arrival of MTD for VAT in April 2022 now means that VAT registered...