Making Tax Digital is a government initiative that sets out a bold vision for ‘a transformed tax system and the end of the tax return’ by 2020. Not sure what it means for you? Here’s what you need to know: What is Making Tax Digital? Making Tax Digital is all about making tax administration more … Continue reading Making Tax Digital – what does it mean for you?
Major changes have been announced for the amount of VAT that many small businesses will have to pay from 1 April 2017. This will affect businesses that use the VAT Flat Rate Scheme but which spend very little on goods, including raw materials – such as firms providing services. The VAT Flat Rate Scheme simplifies … Continue reading Changes to VAT Flat Rate Scheme