Making Tax Digital – Extension
The extent of Making Tax Digital is being increased by the government. The requirement to provide records in the new format is being extended to include over 4 million taxpayers who have business or property income in excess of £10,000 per year. This will also include landlords, sole traders and partnerships involving individuals only. Corporate […]
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Making Tax Digital
Making Tax Digital is a much used phrase if you run any kind of business, self employed or otherwise. It already affects anyone who is VAT registered and will affect almost every business in the UK by the end of 2020. HMRC’s stated ambition is:- “to become one of the most digitally advanced tax administrations […]
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