One million businesses re-brace for MTD for VAT – 1 April 2021
Making Tax Digital

One million businesses re-brace for MTD for VAT – 1 April 2021

5y Richard Asquith

One million businesses re-brace for MTD for VAT – ...

By Richard Asquith, VP global indirect tax at Avalara Read More...

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Should you use your Phase 1 MTD software for Phase 2?
HMRC

Should you use your Phase 1 MTD software for Phase 2?

5y Matt Lewis

Should you use your Phase 1 MTD software for Phase...

The tight timeframes we saw under Making Tax Digital (MTD) Phase 1 saw many businesses adopt a “compliance first” approach to MTD software. Focused on...

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2021: A mammoth year for tax compliance – are you ready?
Brexit

2021: A mammoth year for tax compliance – are you ready?

5y Sage | Sponsored

2021: A mammoth year for tax compliance – are you ...

Accounting and payroll professionals have been called superheroes of the business world for their incredible response to the pandemic in 2020 and for ...

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Making Tax Digital and PESM
Making Tax Digital

Making Tax Digital and PESM

6y Matt Lewis

Making Tax Digital and PESM

Partial 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...

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Tax partners raise MTD queries
Making Tax Digital

Tax partners raise MTD queries

6y Leanna Reeves

Tax partners raise MTD queries

Tax partners say MTD’s goals still remain unclear Read More...

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MTD extension opens opportunities for tech vendors
Making Tax Digital

MTD extension opens opportunities for tech vendors

6y Leanna Reeves

MTD extension opens opportunities for tech vendors

HMRC’s draft tax system agenda to expand the customer base of software providers Read More...

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VAT as a business-critical process
Corporate Tax

VAT as a business-critical process

6y Matt Lewis

VAT as a business-critical process

Regulatory scrutiny and changing economic conditions have combined to make VAT a business-critical process, says Matt Lewis Read More...

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Proving compliance
HMRC

Proving compliance

6y Tax Systems

Proving compliance

By Jane Malkin, director of tax technology, Tax Systems Read More...

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Myths and misinformation around MTD Phase 2
Making Tax Digital

Myths and misinformation around MTD Phase 2

6y Matt Lewis

Myths and misinformation around MTD Phase 2

There 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...

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What is a Digital Link?
HMRC

What is a Digital Link?

6y Matt Lewis

What is a Digital Link?

The 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...

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Is MTD a solution to an old way of working?
Making Tax Digital

Is MTD a solution to an old way of working?

7y Chris Jewers

Is MTD a solution to an old way of working?

As more advanced tax technologies become commonly used, employing AI and real-time data feedback, will the problem MTD is trying to solve become obsol...

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Podcast: Inside Accountancy Episode 6 - The future of MTD
Making Tax Digital

Podcast: Inside Accountancy Episode 6 - The future of MTD

7y Tom Lemmon

Podcast: Inside Accountancy Episode 6 - The future...

In 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...

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Re-clench for MTD 2020: Three major changes
HMRC

Re-clench for MTD 2020: Three major changes

7y Richard Asquith

Re-clench for MTD 2020: Three major changes

It 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 ...

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First six months of MTD compliance generated £815m for SMEs
HMRC

First six months of MTD compliance generated £815m for SMEs

7y Leanna Reeves

First six months of MTD compliance generated £815m...

Report claims that small businesses have benefited from MTD through increased productivity and growth, generating over £815m over six months after its...

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Accountancy encourages digital-first formats, research shows
Making Tax Digital

Accountancy encourages digital-first formats, research shows

7y Shannon Moyer

Accountancy encourages digital-first formats, rese...

The latest Global Business Complexity Index indicates that digital-first taxes and auditing has precedent to become the new normal, but an internation...

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For charities, MTD regulation deadline is just around the corner
HMRC

For charities, MTD regulation deadline is just around the corner

7y Leanna Reeves

For charities, MTD regulation deadline is just aro...

HMRC is expecting all charities registered for VAT in the UK to enact the new regulation by October. Read More...

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Making Tax Digital: What's coming next?
Making Tax Digital

Making Tax Digital: What's coming next?

7y Tom Lemmon

Making Tax Digital: What's coming next?

MTD experts Brian Palmer and Kingsley Samson talk to Accountancy Age and explain how the next stages of the MTD revolution will impact accountants. Re...

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MTD for VAT returns: a corporate viewpoint
Making Tax Digital

MTD for VAT returns: a corporate viewpoint

7y Leanna Reeves

MTD for VAT returns: a corporate viewpoint

Accountancy Age spoke with Steve Smith, Europe Proposition Lead, Corporates at Thomson Reuters, about Making Tax Digital, to get the corporate perspec...

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What does the future hold for tax professionals?
Making Tax Digital

What does the future hold for tax professionals?

7y Jay Ashar

What does the future hold for tax professionals?

Tax leaders must be certain that the tax function is geared up to recruit, manage and nurture the very different tax professionals of tomorrow Read Mo...

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Only one third of tax professionals find VAT returns to be more accurate under MTD
Making Tax Digital

Only one third of tax professionals find VAT returns to be more accurate un...

7y Leanna Reeves

Only one third of tax professionals find VAT retur...

Thomson Reuters poll suggests digital reporting software offers better result for VAT returns. Read More...

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MTD as an impetus for change
Making Tax Digital

MTD as an impetus for change

7y Sponsored | Arkk Solutions

MTD as an impetus for change

A case study of digital transformation: University of Edinburgh and Arkk Solutions. Read More...

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3,800 businesses miss VAT deadlines due to MTD struggles
Making Tax Digital

3,800 businesses miss VAT deadlines due to MTD struggles

7y Chris Jewers

3,800 businesses miss VAT deadlines due to MTD str...

National accountancy group UHY Hacker Young have said that 3,860 businesses have missed the deadline, and almost 600,000 businesses out of 1.2 million...

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MTD: Are your clients ready? Here's a three-step guide
Making Tax Digital

MTD: Are your clients ready? Here's a three-step guide

7y Ed Molyneux

MTD: Are your clients ready? Here's a three-step g...

Ed Molyneux, CEO and co-founder of FreeAgent shares his three step guide to ensuring your clients are ready for Making Tax Digital. Read More...

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MTD: just 12% of decision makers feel 'very prepared'
Making Tax Digital

MTD: just 12% of decision makers feel 'very prepared'

7y Chris Jewers

MTD: just 12% of decision makers feel 'very prepar...

A YouGov poll has shown that businesses do not feel prepared for the change Making Tax Digital brings, with 57% saying they felt ‘unprepared’ and only...

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Half of businesses not MTD ready, according to report
Making Tax Digital

Half of businesses not MTD ready, according to report

7y Tom Lemmon

Half of businesses not MTD ready, according to rep...

More work needs to be done if the advantages of automation - including attracting a younger workforce - are to be enjoyed, says a report by Tax System...

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Make time for Making Tax Digital
Making Tax Digital

Make time for Making Tax Digital

7y Andrew Pritchard

Make time for Making Tax Digital

It's a good idea to prepare not; next year you might face challenges with the rush to meet the 2020 deadline Read More...

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Making Tax Digital: Every cloud has a silver lining
Making Tax Digital

Making Tax Digital: Every cloud has a silver lining

7y Harris Lacey & Swain

Making Tax Digital: Every cloud has a silver linin...

A recent report states 11 percent of businesses still don't know what MTD is Read More...

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