Mr Paul Clifton
Jun 202 min read
Making Tax Digital for Self-Assessment (MTD) changes
The Public Accounts Committee reported grave concerns over Making Tax Digital for Self-Assessment (MTD for ITSA) with spiralling costs,...
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Mr Paul Clifton
Feb 15, 20234 min read
Making Tax Digital for Self-Assessment (MTD) - coming soon
Individuals and businesses need to be prepared for its introduction. It comes into effect in April 2026 for businesses, self-employed...
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Paul Clifton
May 14, 20192 min read
MTD4VAT: Digitalising a manual recordkeeping system
Question A client is compulsorily VAT registered and is using the cash accounting scheme. Their current system is not particularly...
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Paul Clifton
May 9, 20192 min read
Exemptions from Making Tax Digital for VAT
HMRC have finally confirmed when an exemption from Making Tax Digital for VAT (MTDfV) is given automatically and when you when you will...
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Paul Clifton
Apr 24, 20193 min read
MTD4VAT: No summaries are permitted when recording takings and purchases/expenses
Julie Green, a VAT expert for CronerTaxwise, who we used for tax consultancy and HMRC Fee Protection Scheme, provides some very honest...
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Paul Clifton
Apr 12, 20194 min read
MTD4VAT: What does HMRC say about recording your transactions and digital links?
HMRC’s VAT Notice on Making Tax Digital 700/22, sets out the digital record-keeping requirements in section 4.3. The HMRC recordkeeping...
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Paul Clifton
Apr 1, 20193 min read
MTD4VAT: Mandatory Making Tax Digital is now going live
Introduction H M Revenue & Customs (HMRC) says that Making Tax Digital (MTD) is a key part of the government’s plans to make it easier...
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Paul Clifton
Oct 31, 201812 min read
Budget 2018 - Key points
Introduction Chancellor Philip Hammond’s 2018 Budget speech on 29 October was noted as the 'trick or treat' Budget with its proximity to...
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