HM Revenue and Customs (HMRC) is reminding businesses that from Tuesday 1 November, they will no longer be able to use their existing Value Added Tax (VAT) online account to submit VAT returns.
Statistics published today (23 June) by HM Revenue and Customs (HMRC) reveal the estimated tax gap for the 2020 to 2021 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year.
Businesses have less than a week to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) becoming mandatory for VAT-registered businesses on 1 April, HM Revenue and Customs (HMRC) said today.
• Make sure your business is prepared for the change – take steps now Businesses are reminded to take steps to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.
Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced today (23 February).
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
HM Revenue and Customs (HMRC) is urging business owners to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
Over 4,600 online sellers have been red-flagged to marketplaces for tax evasion during the last two years, reveals HM Revenue and Customs (HMRC). As a result, many sellers have had their online stores deleted.
A pilot for a new online VAT service was launched today, with HM Revenue & Customs (HMRC) inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.
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