Les Howard has some troubling questions regarding the Revenue’s power to issues penalties under the new MTD regime. I’ve been thinking about Making Tax Digital (MTD) and asking myself how VAT penalties will be affected by MTD. In a worst-case…
Category: MTD
Making Tax Digital: A guide for Agents Services Account and Businesses
A Simple and easy to use Step by Step Guide to Making Tax Digital to signing up! Here at BTCSoftware, we are always trying to make your lives easier. So, we have been busy creating guides that will help…
MTD4VAT The Software Developers Perspective
With MTD for VAT just around the corner, software developer Ian Vickers explains how his firm is making last-minute preparations for its introduction Further to my article in the last issue for Accounting Practice about how I am approaching Making…
MTDfB delayed post April 2020
So, now we know MTD4VAT’s big strapping brother MTDfB has been postponed again until at least 2021. How was this piece of information conveyed to us? Was it via a massive email campaign or maybe a letter? or even in…
Estate Agents hit with Money Laundering Fines
As we read the news that Estate Agents Countrywide Estate Agents and Tepilo Ltd have been hit with fines of £215,000 and £68,595 and from HMRC for Money Laundering offences and that HMRC had visited 50 estate agents that they…
MTD4VAT It’s More About The Accountants Than The Vat
The filing deadline has come and gone, so our thoughts firstly turn to MTD4VAT and then, of course, it’s ‘Big Brother’ MTDfB. You are reading this issue in early March and the January filing hiatus may seem like a long…
Your MTD4Vat Plan and a Time To Reflect
Elaine Clark has some top tips on how to best tackle Making Tax Digital Subject to any last-minute announcements, it looks like the first phase of HMRC’s much-talked-about flagship Making Tax Digital project will actually start from 1 April. Greatly…
10 Myths about MTD for VAT
When researching and reading about Making Tax Digital and now with so much information available to you – it can sometimes be quite confusing! BTCSoftware has received lots of different questions and queries throughout our MTD journey and felt that…
Making Tax Digital: What you need to know for your business
The tax world is changing. No longer will businesses report their tax affairs once a year. Quarterly reporting – starting with VAT – will become mandatory from April 2019 for all VAT-registered organisations. While Making Tax Digital (MTD) indicates a significant change,…
MTD for VAT the software challenge
Ian Vickers explains some of the challenges facing software developers preparing for MTD for VAT. I’ve been asked by Accounting Practice to shed some light on how accounting software developers go about evolving their software to meet ever-changing demands of…