The soft landing period for Making Tax Digital for VAT was due to end as of 1st April 2020, However, the period will now extend through to 1st April 2021.
This blog is the second of two looking at the report released by HMRC to update the public on Making Tax Digital for VAT and ITSA. In this post, we look at the ITSA service.
HMRC have released a report to update the public on Making Tax Digital for VAT and ITSA. In this post, we look at the VAT service.
The soft landing period expires on April 1st 2020 for most UK VAT registered businesses, and the penalties system will be revised to bring it in line with Income Tax and Corporation Tax.
A recent survey carried out by CIOT and ATT has shown that a majority of businesses are spending more than HMRC’s predicted costs to implement Making Tax Digital for VAT.
From April 1st 2020, most UK VAT registered businesses with a taxable turnover above the VAT threshold are due to come out of the soft landing period.
Many businesses are yet to sign up, perhaps due to confusion about MTD. We go “back to basics” for businesses to help you find your way to being compliant.
Find out how simple it is to use the Group VAT feature in BTCHub with our quick demo video showing how to import multiple sources of data.
From November 1st 2019, the el…
You may have seen HM Revenue and Customs’ recent announcement that some businesses may qualify for an extended Making Tax Digital for VAT soft landing period.
