03
August
2018
In the Friday email of 28 September last year we reported that HMRC was intending that by 2020, most businesses, self-employed people and landlords would be required to keep track of their tax affairs digitally and update HMRC at least quarterly via their digital tax account. HMRC have now announced that from 1st April 2019 Making Tax Digital (MTD) will be introduced for Value Added Tax (VAT) only, with digital record keeping and reporting required for all VAT registered businesses above the VAT registration threshold of £85,000pa....
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