Making Tax Digital – Page 2

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Renewing your tax credits claim

by Admin | Jul 13, 2022 | BLOG, HMRC, Making Tax Digital, Tax

The deadline to renew the tax credit is July 31, and all applicants must renew their tax credit entitlement annually. If you have applied for tax credits before, you better hurry up and update them online or on the app. Each year, HMRC will automatically send you a...

What is Making Tax Digital?

by Admin | Jun 15, 2022 | BLOG, E-Commerce, Making Tax Digital

Making Tax Digital, currently underway, is a key part of the government’s plan to make it easier for individuals and businesses to gain tax rights and take control of their taxes. HMRC has also developed a fairly strict fine model to ensure that all companies...

Time to move to the new customs declaration platform.

by Admin | Jun 6, 2022 | BLOG, E-Commerce, HMRC, Making Tax Digital

In a previous article we detailed how HMRC is moving customs declarations to online declarations, click to review. HMRC is now urging businesses to move to the new customs IT platform as soon as possible to continue trading. Perhaps you have received letters from HMRC...

Changes to the UK customs system are coming!

by Admin | Apr 26, 2022 | BLOG, E-Commerce, Making Tax Digital

The EU (except the island of Ireland) and the UK government have provided information on upcoming changes to the UK customs system in 2022. Here is what you need to do to prepare for the change. Adapting to system changes takes time, and you should be...

Businesses Very Concerned About Making Tax Digital

by Admin | Dec 17, 2021 | best practice, BLOG, HMRC, Making Tax Digital, News Hub, Tax, VAT

If you are a business owner, you will undoubtedly be aware of the Making Tax Digital (MTD) initiative that has been launched by the UK government. The aim of this scheme was to make all VAT reporting digitalized by the end of 2020. Of course, businesses were happy to...

Everything You Need To Know About MTD Software

by Admin | Aug 11, 2021 | Accounting, BLOG, HMRC, Making Tax Digital, News Hub, VAT

If you are a business owner or trader, you will likely be aware of the UK government’s Making Tax Digital initiative. The initiative is basically aimed at making the UK tax process completely digitalised. This will make the process easier and will also reduce the...