Making Tax Digital: Bringing business tax into the digital age

By 2020, businesses, sole traders, and landlords will be required to keep digital financial records and provide HMRC with quarterly tax updates, thereby eventually eliminating the annual tax return. From April 2018, businesses paying income tax and NICs will be required to comply with the new reporting requirements. This will be extended to VAT from … Continue reading Making Tax Digital: Bringing business tax into the digital age