Paul Clifton
Aug 14, 20208 min read
Making Tax Digital for Income Tax
The biggest change for businesses, which has yet to coming into effect, is reporting under Making Tax Digital (MTD). Around 4 million...
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Mr Paul Clifton
Jul 23, 20206 min read
Making Tax Digital for Income Tax to be resurrected (again)!
HMRC’s flagship Making Tax Digital (MTD) online quarterly reporting is to be resurrected and extended. It will bring all VAT-registered...
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Paul Clifton
Apr 3, 20204 min read
Quarterly Reporting and Making Tax Digital
Hardly a week goes by without I read about Quarterly Reporting and Making Tax Digital. In my blog on ‘Digital tax accounts’, I reported...
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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
Jul 26, 20184 min read
Update on Making Tax Digital for VAT (July 2018)
Introduction Making Tax Digital (MTD) is the biggest change in tax administration in two decades i.e. since Self Assessment was...
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Paul Clifton
Mar 15, 20184 min read
VAT MTD - Big changes in submitting VAT returns
Changes are set for April 2019. Businesses with manual and Excel based systems and without the right software will be most affected. You...
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Paul Clifton
Nov 29, 201710 min read
Autumn Budget 2017 - Key points
Introduction The Chancellor, Philip Hammond, has delivered his second Budget of the year, following the spring 2017 Budget. Most of the...
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Paul Clifton
Jul 17, 20172 min read
Delay to mandatory implementation of Making Tax Digital
We welcomed HMRC’s announcement on 13 July 2017 that the mandatory introduction of Making Tax Digital (MTD) will be deferred until 2020....
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Paul Clifton
Mar 14, 20178 min read
Spring Budget 2017 - Key points
An overview of the key points from Spring Budget 2017
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Paul Clifton
Nov 25, 20162 min read
HMRC Personal Tax Accounts
H M Revenue & Customs are developing their online systems in readiness for Making Tax Digital. They suggest that instead of telephoning...
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Paul Clifton
Jul 29, 20163 min read
Making Tax Digital: An Update
Over the next few years businesses, sole traders, and landlords will be required to keep digital accounting records and provide summary...
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Paul Clifton
Feb 3, 20164 min read
Digital tax accounts
The government has announced that by early 2016 five million small businesses and 10 million individuals will have access to their own...
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