Making tax digital and cloud accounting – is it right for your business?
By Chris Barlow, partner at Birmingham-based MHA MacIntyre Hudson
From April 2019, HMRC has stated that VAT registered businesses have to provide their VAT returns in a digital format and that it will be a requirement to report Corporation Tax and Income Tax digitally.
Initially, MTD will focus on VAT registered businesses with taxable turnover above the VAT threshold (currently £85,000), the exceptions being group VAT registrations, overseas based traders, those required to make payments on account and annual accounting sc... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...