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Making Tax Digital

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Karen Keeling, Dafferns new Tax Director

We are delighted to announce Karen Keeling’s appointment as Tax Director. Karen, who is both FCCA and CTA qualified, joined Dafferns in 2014 and has worked in the firm’s corporate reporting, small business and tax teams. This new role will see Karen heading up both the personal and corporate tax teams, working alongside tax partners… Read More

MTD for VAT – All is not lost if you forgot to sign up

All is not lost if you forgot to sign up by 31 July. If you did try to register by the 14th of August you will have received the following message from HMRC: “You must come back later to sign up. We’re unable to sign you up for Making Tax Digital for VAT at present. This… Read More

Making Tax Digital – Everything you need to know – June 2019

The Governments’ ambitious programme, Making Tax Digital (MTD), is an initiative to implement fundamental changes to the way the tax system works by becoming one of the most digitally advanced tax administrations in the world. The original plans were to introduce a digital tax system that would require most businesses, self-employed people and landlords to… Read More

When to sign up to Making Tax Digital?

You will no doubt be aware by now that Making Tax Digital (MTD) went live for VAT return periods beginning on or after 1 April 2019.  This is a mandatory requirement for the vast majority of VAT registered businesses with a taxable turnover over £85,000. What you may not know is that you will need… Read More

MTD – who must follow the rules from October 2019?

MTD for most businesses will be introduced for the first VAT return that begins on or after 1 April 2019. A small number of taxpayers have been deferred for MTD for 6 months and these are as follows: WHO MUST FOLLOW THE RULES FROM 1 OCTOBER 2019 You must follow the rules for Making Tax… Read More

Making Tax Digital – Big Vat changes in April 2019

Making Tax Digital (MTD) is the government’s ambitious program to implement fundamental changes to the way the tax system works by becoming one of the most digitally advanced tax administrations in the world.  These changes will affect both individuals and businesses and will be implemented gradually over a period of time. The first stage in… Read More

Making Tax Digital – Mandatory Vat accounting from April 2019

Making Tax Digital (MTD) is a government initiative to modernise the UK tax system, with the aim of making the whole process of administrating tax simpler and more efficient. All of your tax information will be in one place (your digital account) and you will ultimately pay tax based on your business activity during the… Read More

Summer 2017 – a short delay on MTD

In the March 2017 Budget the government and HMRC announced that plans to impose quarterly reporting on unincorporated businesses from April 2018 have been deferred by at least two years to April 2020 at the earliest Also, businesses with a turnover of less than the current VAT threshold (£85,000) may not be required to quarterly… Read More

Feb 2017 – What does Making Tax Digital mean for you?

Within the accountancy world the Making Tax Digital project has been exercising our minds for some time now, but until very recently we have been unable to advise on how this is going to impact our clients because there has been too much uncertainty. Following a lengthy and involved consultation period, HMRC have now pronounced… Read More

Are you ready for the digital tax revolution? Get ready now!

The government is about to invest £1.3 billion in transforming HMRC into one of the world’s most advanced tax administrations. The new system will demand that most unincorporated businesses, self employed people, landlords and anyone with a secondary income of over £10,000 per year, will have to keep track of their affairs digitally and provide… Read More