HMRC announces Making Tax Digital sanctions consultation

As HMRC continues with its preparations for Making Tax Digital (MTD), it released this week a consultation paper on what sanctions late submission and late payment should incur.   The first tranche of businesses to comply with MTD will do so from April 2018. ...

Making Tax Digital for Business Roll-out Schedule Revealed

In his 2017 Spring Budget, the Chancellor finally shed light on HMRC’s Making Tax Digital for Business (MTDfB) schedule.  In his speech Philip Hammond signposted that businesses under the VAT threshold would not need to embark on the quarterly reporting programme till April 2019....

Finally! – A real incentive to be part of the MTDfB pilot

We were pleased to hear Theresa Middleton’s announcement this week that businesses joining the Making Tax Digital for Business (MTDfB) pilot scheme won’t have to complete a self-assessment tax return for 2017-18.  This has since been confirmed to us by our HMRC contacts. Removing...

BTCSoftware’s Self-Assessment software remains fully HMRC-compliant

The team at BTCSoftware has always been very proud of our software’s integration track-record with HMRC’s systems.   Impressive tax return filing success rates We are also very pleased with the impressive filing success rates our customers continue to experience.  In fact in January...

Save money on your accountancy practice software this year

We know that for many accountancy practices spring is a time when accounting and tax software contracts are up for renewal.  Like most major purchases it does pay to shop around. In fact, we’ve helped many accountants save significant money on their accountancy practice...