Reporting VAT Online – Aren’t We Doing That Already?
Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system will be mandatory from 2019. Surely we are doing that already you might say....The majority of online self-assessment tax returns are submitted by accountants – and for good reason
Research has revealed that a majority of taxpayers choose their accountant to file their tax returns on their behalf, with 65% instructing an accountant when dealing with online tax returns. This highlights the vital role that accountants continue to play in guiding...Tax returns go digital – are you ready?
Back in the March 2015 Budget, the Chancellor announced that traditional tax returns are soon to be replaced with digital tax accounts, taking returns online for all UK businesses.