Making Tax Digital Archives

Making Tax Digital

Making Tax Digital Phase 2: Have you updated your systems?

April 1, 2021

Phase 2 of the UK's Making Tax Digital regulations take effect from 1 April 2021. MTD Phase 1 instituted a requirement for UK VAT-registered companies to submit their VAT returns digitally, via the HMRC API.

HMRC report: Digital VAT compliance increases productivity

March 4, 2021

UK tax authorities have issued a new policy paper on extending the Making Tax Digital for VAT programme. Currently, VAT registered businesses trading above the compulsory VAT registration threshold must comply with digital VAT filing.

Greece moves mandatory e-books and e-invoicing to 1 April 2021

January 5, 2021

Greece has announced that it will start implementing mandatory e-invoicing and e-books from 1 April 2021. Greece had previously intended to implement mandatory e-books submission in 2020. According to Greek authorities, they are delaying implementation

Corporate Report Lays Out Benefits and Next Steps for HMRC’s Making Tax Digital

July 23, 2020

Earlier this week (21 July 2020), The UK government released their corporate report titled “Building a trusted, modern tax administration system” which highlighted the next steps of HMRC's Making Tax Digital programme while also lauding

HMRC Postpones Phase 2 Making Tax Digital until April 2021

March 31, 2020

April 1 2020, was meant to be the date that HMRC launched phase II of making Tax Digital across the UK. However, due to COVID-19, they have made the decision to postpone the rollout by one year to April 1 2021.

Revolutionary Digitised Tax System ‘myDATA’ introduced in Greece

October 10, 2019

Paving the way for a new era in Greece’s tax system, a brand new, digitised platform called myDATA has been introduced for taxpayers to fulfil their tax obligations in a much more simple way. The

10% of UK Businesses miss first MTD (Making Tax Digital) Deadline

August 16, 2019

Despite daily updates from HMRC, a year and a half ‘phase-in’ period and a significant number of TV adverts promoting Making Tax Digital (MTD) compliant software, one in ten business have missed the MTD deadline and therefore filed non-compliantly.

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