Making Tax Digital (MTD) for VAT MTD for VAT will be implemented in April 2019. Compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. Under the regulations, businesses must keep digital records for VAT purposes and provide their VAT return information to HMRC using HMRC-approved software e.
As a VAT-registered business, you can reclaim VAT on many of the goods and services you purchase. Our quick guide outlines which expenses you can claim for and what evidence you need to supply. What is input VAT? Input VAT is the amount of tax added to the price of goods or services purchased for your business.
Clear Books, one of the UK’s first online accounting software providers, has successfully submitted its first VAT return through HMRC’s Making Tax Digital API. With Making Tax Digital (MTD) for VAT coming into effect from April 2019, the successful beta test paves the way for thousands of Clear Books users to complete simple three-step VAT returns directly to HMRC.
We meet Andy Maitland from Maitland Accountants as he discusses his love for POMPEY and his most valued asset the M90 fishing pole.
Business to business networking in Brighton and Sussex is big business and it is an excellent way of building your brand through relationship building (also called relationship marketing) and it means that your business (and you) are continually at the forefront of other businesses minds when looking for products and services.
Several years ago we were introduced to Nick who runs an online restaurant guide for Brighton and Sussex which is called Restaurants Brighton. Find out how and why Nick moved his accounts over to Maitland from his previous accountants.
More top tips to help you take stock of your finances Tax Planning Top Tips. Following on from our post last month, here is part 2 of our guide to tax planning which looks at further accountancy top tips which may help you save money for the year ahead.
Timing is often the key ingredient in tax planning. As we are approaching the end of the tax year, we thought it would be a great opportunity to share our insights and offer you some key updated figures, so you can make the most out of this window leading up to the 5th April 2018.
Unsure what to claim for when it comes to computer business expenses? Company-owned computers used solely for business purposes can be bought tax-free by the company and are exempt from National Insurance payments.
Did you know? You can claim business expenses for any phone-line used exclusively for business purposes.