Changes to VAT reporting from April 2019 and making tax digital

Changes to VAT reporting from April 2019 and making tax digital

It is a pandemic agreement that Making Tax Digital for business is the correct approach for the future. From April 2019, a new scheme will be introduced as a part of The Government Making Tax Digital (MTD), where businesses are required to use compatible software to...
No More VAT FRS?

No More VAT FRS?

The FRS (flat rate scheme) for VAT that was introduced back in 2002 by HMRC was seen at the time as a great way to simplify the VAT system. Admin would be reduced, as would any complications regarding difficult calculations. What actually happened, however, was that...

Will The Brexit Affect VAT?

Now that the referendum has been and done, and the result is that the UK will – at some point in the near future – leave the European Union for good, there are a number of questions that need to be answered. They range from queries about exchange rates to whether or...