New penalties have been announced for businesses that fail to comply with Making Tax Digital for VAT regulations. Read our guide on what you need to do, plus where to go if you need help with MTD for VAT.
Outsourcing and cloud accounting articles
MTD became mandatory for all VAT registered businesses on the 1 April 2022. Our VAT team can provide advice on MTD and our software specialists can help to choose the software that is right for your business.
It runs for 5 years and, all things going to plan, I should finish with a BA (Hons) Accounting and will have passed the ICAS CA qualification and be a fully qualified Charted Accountant. This means I will be a fully qualified accountant at least two years ahead of students who choose the more traditional route of university then professional exams.
After all frauds are uncovered, the most common words I hear are either “I did not think it could happen to me” or “I thought he/she was so trustworthy”. A few simple steps like those above can make sure it will not happen to you.
Make sure to sign up for ‘Making Tax Digital for VAT’ before 1 April 2022 when it becomes mandatory for all VAT-registered businesses regardless of their turnover.
Stop procrastinating! Partner Elaine Cromwell, who heads up our Business Support Service division, shares her top tips on becoming more productive. Using simple strategies and handy apps, you can transform your team and streamline your workflow. Watch the video...