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Making Tax Digital

Making Tax Digital is the biggest legislation change to the UK tax system in a generation. It was created with the objective of making it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s aim is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making important changes to the way the tax system works. It aims to transform tax administration so that it is more effective, more efficient, and easier for taxpayers to get their tax right.
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Making Tax Digital April 2022 – what’s changing

From April 2022, every small business which charges VAT will have to file accounts through the HMRC Making Tax Digital system. Here’s how to prepare

Making Tax Digital

Making Tax Digital

What is Making Tax Digital and why should you care?

The taxman is abandoning paper form-filling in favour of software-based submissions, and he’s taking small businesses with him. Here’s what you need to know

Guides

Making Tax Digital

Master your money

Making Tax Digital

Tax: Get self assessment right each time

Making Tax Digital

Tax: Getting ready for self assessment

Making Tax Digital

A guide to Making Tax Digital (MTD) for Income Tax

Making Tax Digital

Basics of financial reports for small business owners

Making Tax Digital

Taking care of tax if you’re self-employed

Articles

Accounting

National Payroll Week: How HR professionals can adapt for the future

Payroll and HR professionals have a multitude of challenges to overcome post-Covid. For small business owners, in particular, it’s important to understand these new challenges and help colleagues work to their best ability

Accounting

The EU VAT e-commerce package: how accounting can help

The EU is expanding the ‘one-stop’ system for reporting and paying VAT across the bloc to include all distance sales of services and intracommunity sale of goods. The updated schemes are together known as the EU VAT E-commerce Package. What does it mean for UK businesses and how can you adapt?

Accounting

Payroll: how UK small businesses can get it right

For a small business, handling your payroll is tricky at the best of times, but the coronavirus pandemic and emergence of hybrid working have complicated matters further. Here’s how you can get it right first time

Business Ideas & Planning

How to get more from your business plan

Is your business plan gathering dust in a draw somewhere? Here’s why it’s time to adopt a fresh approach that will inject new life into your enterprise

Making Tax Digital

All small businesses to go Making Tax Digital by 2024, Treasury suggests

Small businesses account for £13.4bn of the missing £31bn owed to HMRC each year by people and companies not paying enough tax

Accounting

How to boss payroll year-end during Covid-19

It’s hard to imagine a tougher year for business, with coronavirus and Brexit disrupting normal operations and making it hard for organisations to work cohesively

Making Tax Digital

Halt rollout of Making Tax Digital to smallest businesses, urge MPs

MPs question forcing the smallest microbusinesses to adopt expensive accounting software, say small businesses have hurt enough already

Making Tax Digital

Why Making Tax Digital could make a large dent in the UK’s tax gap

Making Tax Digital is coming up fast and it could be the key to closing the tax gap. Brian Palmer of AAT explains why.

Making Tax Digital

Four things to know about Making Tax Digital in the new tax year

Emily Coltman gives a lowdown on the Making Tax Digital plans and offers some top tips for preparing your business for the new tax year.

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