Making Tax Digital

Tax | Making Tax Digital is the priority for HMRC

Jesse Norman MP, financial secretary to the Treasury, has told businesses and accountants at the annual HMRC stakeholder conference that HMRC’s priorities for the future of the tax system will heavily involve Making Tax Digital (MTD)

27 Apr 2021

Tax

Tax | How to navigate Making Tax Digital

Compliance with Making Tax Digital for VAT means that uploading data via Excel spreadsheets is no longer allowed. Jim Scott, managing director of accountancy at IRIS Software Group, provides tips and advice

26 Apr 2021

Tax

Making Tax Digital

VAT

Tax | Filing deadlines: April to June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from inheritance tax due on lifetime transfers between 6 April and 30 September 2020, forms P46(Car) for quarter ended 5 April and employment intermediary’s quarterly reports

12 Apr 2021

Tax | Will the new late filing penalties be fair and consistent?

Meg Wilson, tax writer at Croner-i, examines the points-based late filing penalty regime being introduced in Finance Bill 2021 for VAT and income tax submissions

31 Mar 2021

Tax | April 2021 changes to Making Tax Digital (MTD) for VAT reporting

From 1 April 2021, UK VAT registered businesses will face more Making Tax Digital (MTD) obligations. Scott Craig, partner and head of VAT at Azets, explains the key changes and penalty system

30 Mar 2021

Tax | Deadline looming for end of digital linking for MTD

From 1 April, companies will have to report VAT payments electronically via software to comply with the Making Tax Digital (MTD) for VAT rules, following a year’s delay due to the pandemic

26 Mar 2021

Tax

Making Tax Digital

Tax compliance

Tax | Small businesses spend up to £3,500 for MTD migration

The latest HMRC research report into adoption costs of Making Tax Digital (MTD) for VAT has highlighted the range of costs for businesses moving to digital reporting

25 Mar 2021

Tax

Making Tax Digital

HMRC

Tax | Issues with Making Tax Digital for corporation tax

HMRC has launched its MTD for CT consultation but the proposals could well prove challenging. Russell Gammon, chief innovation officer, Tax Systems, looks at the potential sticking points

25 Jan 2021

Tax

Making Tax Digital

Consultations

Tax | Making Tax Digital: what's the long-term plan for corporation tax?

The ambitious plan to make UK tax fully digital for reporting purposes may have been delayed by the pandemic, but HMRC is still prioritising MTD for income tax and corporation tax. Croner-i tax writer Meg Wilson takes stock

22 Dec 2020

Tax | Tax updates 2020 part 2: business

In a round-up of the major business tax stories of the year, we look at non-coronavirus tax news, including SME R&D tax relief cap, IR35 reporting delay, Making Tax Digital (MTD) timetable for corporation tax, carbon emissions review and digital services tax

16 Dec 2020

Tax | Making Tax Digital for corporation tax by 2026

Among the recent crop of tax policy announcements, HMRC is consulting on how the principles established for Making Tax Digital for quarterly online filing could be implemented for corporation tax

16 Nov 2020

Tax | Treasury releases tax policy announcements

The Treasury has released a slew of responses to recent consultations, changes to tax policy implementation deadlines, and announced new consultations, including one on Making Tax Digital for corporation tax

13 Nov 2020

Tax | Q&A: tax on voluntary receipts

In our regular Q&A series, Croner Taxwise tax adviser, Amaira Badat, explores the tax implications of leaving a gift to an employee before passing away, could it be deemed as a voluntary receipt?

3 Nov 2020

Tax | OECD digital services tax project slows

The OECD’s plans for reaching a consensus-based global approach to taxing digital services have been delayed, with no agreement now likely before mid-2021, despite analysis suggesting up to $100bn (£77bn) is at stake annually, an update on progress has revealed

14 Oct 2020

Tax | Facebook pays €106m in back tax to France

Facebook’s French subsidiary has agreed to pay €106m (£95.7m) in back taxes following a ten-year audit of its accounts by the French tax authorities

25 Aug 2020

Tax | HMRC hit 20,000 taxpayers with toughest penalties over ‘deliberate’ errors

HMRC imposed 19,657 of its hardest penalties on taxpayers last year for committing what it describes as ‘deliberate’ errors in their tax returns, says UHY Hacker Young, with penalties set to increase as investigations restart

12 Aug 2020