Blog Post On UK VAT
April 6, 2020
Businesses in the UK were expecting the launch of phase II of making Tax Digital. But with the increase in COVID-19 and the disturbance it has to the health & businesses worldwide, it has made HMRC postpone the requirement of digital links…
March 17, 2020
Making Tax Digital (MTD) is an HMRC initiative to bring change in the UK tax system and eventually bring an end to the self-assessment system. The main aim of Making Tax Digital for VAT was making the VAT returns more efficient….
Feb 19, 2020
Phase 2 of MTD for VAT will witness businesses implementing digital links to create an end-to-end digital reporting process as it has not become mandatory. But what is a digital link? Many might have already considered that their systems are digitalized keeping in mind that…
Feb 4, 2020
2019 saw a huge number of UK organizations register for HMRC’s “Making Tax Digital” change that was authoritatively executed in April a year ago. In any case, that was the simple part. VAT Managers need to buckle their shoes as it will be a rough 2020. Phase 2 is on its way.
Jan 30, 2020
Companies need an improved plan to deal with the forces making a shift in the world of indirect taxation. It’s anything but difficult to overlook that national VAT systems are relative newcomers to the world of worldwide taxation.
Jan 10, 2020
With the beginning of 2020, HMRC has come with some new updates. One of the most intricate sets of transactions under HMRC VAT legislation may possibly be eased after HMRC has issued its guidance on “Intra EU chain transactions and …
Jan 3, 2020
MTD for VAT in the UK is the talk of the town. Everyone wants to be MTD compliant to avoid any kind of issues. But, little did people know that after the end of UK HMRC’s “soft landing”, phase 2 is what will create more issues for them.
Dec 4, 2019
Handling dynamic tax laws could be easier for businesses with VAT automation tools. Processes involved in handling VAT could be daunting and baffling for most of the businesses.
Oct 17, 2019
HMRC’s initiative of Making Tax Digital (MTD), with the purpose to move towards digital transformation has left businesses shocked as this seems to be a little complex to comply with in the beginning.
Oct 15, 2019
Digitalization has long been into existence, and it is time to take the tax up there. Hence, HMRC decided to move in the digital direction. HMRC’s vision to digitalize the tax system for the UK is already in process.
July 10, 2019
Digitisation of government tax compliance processes has been a trend in the UK for a while now with most of the tax filing and payment processes moving online. This move aims at bringing tax online where everything from bookkeeping,…