Making Tax Digital

March 4, 2021

The UK tax office, HMRC, introduced Phase 1 if their ‘Making Tax Digital’ (MTD) initiative in April 2019. The much more demanding Phase II implementation was supposed to come into effect in April 2020, but this was delayed owing to

Digital Services: VAT obligations and considerations

Automating VAT Compliance in the Digital Age

November 25, 2020

VAT Compliance is a loaded term, so it’s important to define it before we dive in. For the purpose of this discussion, VAT compliance will refer to 3 primary areas: Ensuring your business is VAT registered in all jurisdictions where

The top 3 VAT issues businesses who sell goods/services cross-border (B2B) should consider

November 10, 2020

As a business trading globally, you are probably aware of the complexity of international VAT compliance. There are several reasons why you might have the need for VAT registrations in multiple jurisdictions. The compliance burden on your finance team can

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 its benefits and success so

What to know about MTD (Making Tax Digital) Digital Links

digital links

May 22, 2020

Consider this a beginner’s guide to understanding MTD digital links and why they matter to your business. If you’re a large UK company with your own finance team, then you may be all set for Making Tax Digital and remaining

Making Tax Digital: Are you Ready for Phase 2?

January 20, 2020

2019 saw hundreds of thousands of UK businesses register for HMRC’s “Making Tax Digital” reform that was officially implemented in April last year. But that was the easy part. VAT managers, fasten your seatbelts because it’s going to be a bumpy 2020. Phase 2 is coming…

UK – A brief guide to Making Tax Digital

December 4, 2018

VAT registered businesses trading above the compulsory registration threshold (currently £85,000) will not be able to use manual records from 1 April 2019. Instead, businesses must use‘functional compatible software’ (digital records) to meet the new requirements.

Making Tax Digital