The Spring Budget 2024 contained no flash surprises or big wins, particularly from a business perspective. Whilst there were a few golden nuggets here and there, for individuals especially, these ‘giveaways’ are really being overshadowed by the ever-increasing...
HMRC have issued guidance for VAT-registered business and their agents on how to avoid penalties for non-compliance with the Making Tax Digital for VAT (MTD) rules. In particular, there is a new £400 per return penalty if you file a return but do not use functional...
The story so far The Government’s Making Tax Digital (MTD) initiative means an increasing number of businesses will need to keep digital accounting records and submit their returns to HMRC online. The aim is that once the changes are in place that it will be easier...