Category


Archive

Making Tax Digital for VAT - an update

Tuesday, January 23 2018

On 18 December 2017 HMRC published draft legislation explaining in more detail what will be required when Making Tax Digital becomes compulsory for VAT in April 2019. There is a consultation period, the deadline for which is 9 February 2018 and we will advise you further once the outcome from this is known.
 
HMRC have indicated they are proposing a twelve months soft landing period, with no record keeping penalties for businesses during that time During that period it will be acceptable for data to be transferred between software and spreadsheets manually, although the final submission will have to be made to HMRC using Application Programming Interference (API) enabled software.

Latest News

Contact Us

If you have any questions, please do not hesitate to get in touch

About Us

Ryecroft Glenton, founded 1901, is an independent, award-winning firm of Chartered Accountants and strategic business advisers giving personalised support to every one of our clients.

Sign up to our Newsletter

Subscribe to our email newsletter for useful tips and valuable resources sent out every month.

Contact Info

Address: 32 Portland Terrace Newcastle upon Tyne. NE2 1QP

Telephone: 0191 281 1292

Fax: 0191 212 0075

Email: email@ryecroft-glenton.co.uk