Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Laura Carter
Business Advisory Senior Manager
08 October 2021
How embracing digital could be easier than you thinkMost businesses have had to implement some form of digital solution to continue operating during lockdown. However, your digital journey should not stop as lockdowns begin to lift and life returns to a sense of semi-normality, and for businesses who have not yet started their journey… the time is now.
Ewan Bolt
Business Advisory Director and Head of Digital Advisory
24 September 2021
An extra year to prepare for MTD for Income Tax Self AssessmentHMRC has announced that businesses will have an extra year to prepare for the digitalisation of Income Tax, with Making Tax Digital for Income Tax Self Assessment now due to be introduced in April 2024.
Ewan Bolt
Business Advisory Director and Head of Digital Advisory
29 June 2021
HMRC update on filing returns for Non-Making Tax Digital VAT registered clientsIn April 2021, HMRC began transitioning over traders who are not yet signed up to Making Tax Digital (MTD) for VAT, to a single database (homing both non-MTD and MTD VAT registered businesses). This process is in readiness for when those traders do sign-up between now and the mandatory date of 1 April 2022.
Ewan Bolt
Business Advisory Director and Head of Digital Advisory
29 June 2021
Digital accounting isn’t just the future for businesses, it’s the here and nowSo much has changed in the last 16 months. The way we work, the way we shop and even the way we communicate have all been turned upside down as we go through the biggest global crisis in a generation.
Ewan Bolt
Business Advisory Director and Head of Digital Advisory
08 March 2021
MTD for VAT digital links deadline – is your business prepared?From 1 April 2019, Making Tax Digital (MTD) compliance became mandatory for most VAT registered businesses for VAT return reporting. HMRC implemented a soft-landing period for the first two years to 1 April 2021, meaning that some elements of the MTD legislation were relaxed – in particular, digital links. The time has come to make sure that your business is prepared and ready for the next phase.
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