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. It’s over six months since this announcement and most businesses are now well versed and comfortable with the legislative initiative. Most of …
Introduction of Making Tax Digital compliance for VAT Group Read More »
Overview of MTD for VAT 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. This transformation started in April 2019, with the idea to turn …
Everything you need to know about Making TAX Digital (MTD) for VAT: An HMRC initiative Read More »
Digitization 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, accounting, reporting, filing, and more will move to online platforms in a phased manner over the …
How MTD has Changed the Way for VAT Returns in the UK Read More »