Do I need to register for Making Tax Digital for VAT?

Do I need to register for Making Tax Digital for VAT?

Nov 8, 2021 | Expenses

In the UK, if you are making taxable supplies and your turnover exceeds £85,000, you must register for VAT. In certain circumstances, even if your turnover has not exceeded the threshold, you can voluntarily register for VAT. From April 2019, most businesses (there...
Making Tax Digital

Making Tax Digital

Jul 14, 2021 | Business Start Ups, Making Tax Digital

In his March 2015 budget, the Chancellor announced that this was “the end of the tax return as we know it”. The key change is that businesses will be required to digitally file tax returns on a quarterly basis. So what does this mean for you? The new digital tax...