HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. 

HMRC are continuing to step up their efforts to recuperate unpaid tax through schemes that they deem as tax avoidance or tax evasion. 

Employee care is always a vital consideration when a redundancy or termination of payment is carried out. As well as employment laws, there are also crucial tax implications to be aware of – this is an area we strongly recommend seeking professional advice in.

The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices

Making Tax Digital (MTD) for VAT is scheduled to start in April 2019, which means that your VAT information needs to be submitted to HMRC digitally.

Legislation to introduce Making Tax Digital (MTD) will be included in the Finance Bill 2017 and, despite many objections that it was too soon, the new system of quarterly reporting will commence in April 2018 for the self-employed and property landlords.