Yes we can – no thanks to HMRC Our VAT guru Melanie Lord has a word of warning: it’s time you got ready for the new reverse charge rules Although there is a still a great deal of uncertainty surrounding…
Category: VAT
10 Myths about MTD4VAT
At BTCSoftware we have received many questions from confused accountants about Making Tax Digital (MTD), so we felt that putting together a list of the ‘top 10 myths’ that we have come across will help Accounting Practice readers. We understand…
MTD4Vat, MTDfB and Penalties. How far will HMRC go?
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…
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…
Claiming Vat back without an Invoice: HMRC Are Getting tougher
Our VAT guru Melanie Lord is finding HMRC more hardline than in previous times Has anyone else noticed that HMRC are using their discretion much less freely than they used to? We recently encountered several situations where in years gone…
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…
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…
VAT Encouragement Letters
Well at last or as many accountants have actually been saying at long last HMRC finally put out something about MTD for Vat directly to vat registered businesses. November 2018 the letters are being sent out and MTD for Vat…