Making Tax Digital Update

Making Tax Digital Update

Making Tax Digital – September Update We have been producing regular updates to highlight that HMRC will begin phasing in its Making Tax Digital (MTD) regime from April 2019. Initially this will only be for VAT purposes, with the wider roll out of MTD having been...
HMRC increases late tax payment rate

HMRC increases late tax payment rate

HMRC has increased the late payment rate from 3% to 3.25%, while the repayment rate remains frozen at 0.5% Tom Selby, a senior analyst at investment platform AJ Bell thought that this was “grossly unfair”, commenting: “It seems grossly unfair for HMRC to increase the...
More detail on the MTD proposals for VAT

More detail on the MTD proposals for VAT

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