In 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...
View articleThere is still a great deal of confusion over the MTD for VAT process, particularly when it comes to phase 2 – the mandation of digital links. This is...
View articleThe second phase of MTD for VAT will see businesses required to implement digital links to create an end-to-end digital reporting process. But what IS...
View articleAs more advanced tax technologies become commonly used, employing AI and real-time data feedback, will the problem MTD is trying to solve become obsol...
View articleIn our latest podcast, Andy Dancer, CTO of Tax Systems, talks to Tom Lemmon about what to expect in the next phases of MTD. Read More...
View articleIt is the April 2020 phase of MTD introduction that will cause most issues. How are the three reforms going to affect over one million VAT registered ...
View articleReport claims that small businesses have benefited from MTD through increased productivity and growth, generating over £815m over six months after its...
View articleThe latest Global Business Complexity Index indicates that digital-first taxes and auditing has precedent to become the new normal, but an internation...
View articleHMRC is expecting all charities registered for VAT in the UK to enact the new regulation by October. Read More...
View articleMTD experts Brian Palmer and Kingsley Samson talk to Accountancy Age and explain how the next stages of the MTD revolution will impact accountants. Re...
View article