The timeline is fixed. By April 2026, Making Tax Digital for Income Tax will be mandatory for many sole traders and landlords. But judging by the tone...
View articleWorld’s first tax submission sent from space as countdown to new tax filing process begins for UK businesses Read More...
View articleIn a move that will bring hundreds of thousands of additional taxpayers into scope, the UK government confirmed yesterday it will lower the threshold ...
View articleFor decades, tax teams have been stuck in a cycle of manual data entry, fragmented reporting, and constant reconciliation. Now, automation is transfor...
View articleICAEW warns that 10 years after its launch, MTD still brings high costs and complexity, urging taxpayers to prepare for the 2026 rollout. Read More...
View articleIt’s official, accounting firms with at least 75% technology integration are 63% more likely to report significant revenue growth compared to le...
View articleThe UK government has launched a consultation to explore the wider adoption of electronic invoicing (e-invoicing) in business transactions, a move tha...
View articleHMRC has issued new guidance aimed at taxpayers participating in the Making Tax Digital for Income Tax (MTD IT) testing programme. The update provides...
View articleAs 2025 dawns, accountants find themselves at the heart of an economy still navigating the aftershocks of a global pandemic, seismic political shifts,...
View articleIn the latest Autumn Budget, the UK government doubled down on its commitment to digitalising tax processes, announcing that Making Tax Digital for In...
View articleJohn Southwell, accounts advisory partner at national accountancy and advisory group Dains, talks about how delays in the roll out of Making Tax Digit...
View articleThe regime's total cost is now thought to be five times the original forecast Read More...
View articleAccountants must embrace technological advancements to keep up with legislation and innovate for clients Read More...
View articleWhile disappointing, the fresh postponement will allow accountants and bookkeepers to familiarise themselves with what’s to come, according to Sabby G...
View articleThe original roll-out date 'was always going to be extremely difficult' to achieve, market participants have said Read More...
View articleThe postponement must not distract from the "unmanageable" requirements of MTD Read More...
View articleTax Systems’ chief innovation officer Russell Gammon outlines key findings from their latest survey, in partnership with Accountancy Age, and provides...
View articleApril 1 has been and gone so all eligible businesses must now comply with the final phase of MTD for VAT by implementing digital links from their sour...
View articleRepresentatives of small businesses and the accountancy profession say a report on Making Tax Digital for VAT shows that HMRC should provide additiona...
View articleBy Richard Asquith, VP global indirect tax at Avalara Read More...
View articleThe tight timeframes we saw under Making Tax Digital (MTD) Phase 1 saw many businesses adopt a “compliance first” approach to MTD software. Focused on...
View articleAccounting and payroll professionals have been called superheroes of the business world for their incredible response to the pandemic in 2020 and for ...
View articlePartial Exemption Special Method (PESM) doesn’t have to be part of MTD for VAT but it makes a lot of sense to automate it, as Matt Lewis explains Read...
View articleTax partners say MTD’s goals still remain unclear Read More...
View articleHMRC’s draft tax system agenda to expand the customer base of software providers Read More...
View articleRegulatory scrutiny and changing economic conditions have combined to make VAT a business-critical process, says Matt Lewis Read More...
View articleBy Jane Malkin, director of tax technology, Tax Systems Read More...
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