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With Making Tax Digital (MTD) for VAT starting today, we have decided to de mystify some of the most common misconceptions surrounding MTD in our myth-buster diagram below.
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Philip Hammond presented his (Brexit affected and short) Spring Statement on Wednesday 13 March 2019. So what exactly did the Chancellor say, and more importantly, what did it actually mean?
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The post arrived recently including the usual number of letters from HMRC, but one in particular caught our eye. No, not the letter, but the envelope!
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Entrepreneurs’ Relief (ER) is a significant tax relief available on the disposal of a business. ER gives access to a 10% rate of capital gains tax, subject to a lifetime limit of £10 million.
READ MOREMaking Tax Digital (MTD) for VAT comes into effect on 1st April 2019. HMRC has confirmed companies will be able to use a ‘cut and paste’ approach, instead of digital links, during the one-year soft landing. This is likely to last until at least April 2020.
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