by admin | Jul 14, 2017 | Business, Making Tax Digital, Tax, Tax Planning, VAT
Making Tax Digital delayed to 2020 at the earliest for taxes other than VAT Heeding concerns across the accounting spectrum, the government has amended the timetable and implementation intakes of Making Tax Digital (MTD). Under the reformed timetable, only...
by admin | May 10, 2017 | Albert's Knowledge Share, VAT
The VAT flat rate scheme aims to simplify the tax affairs of smaller businesses (turnover of < £150,000) by allowing them to work out the VAT that they pay over to HMRC by applying a flat rate percentage to their VAT-inclusive turnover, rather than working out the...