Making Tax Digital (MTD) represents the shift from paper-based to online tax reporting for millions of UK businesses. From April 2022, all VAT-registered businesses are now liable to comply with MTD rules around digital record keeping and digital submissions. The next change comes into effect for self-employed professionals and property owners earning above £10,000 from April 2024. This SmallBusiness.co.uk hub, in partnership with Sage, will help UK small businesses understand MTD, ensure compliance and explain how an accounting software partner can help with this new way of working.
Every VAT-registered business will have to register with Making Tax Digital from 1 April. Fabiano Rocha of Sage explains how HMRC digital VAT reporting is changing and what future changes we can expect
Payroll and HR professionals have a multitude of challenges to overcome post-Covid. For small business owners, in particular, it’s important to understand these new challenges and help colleagues work to their best ability
The EU is expanding the ‘one-stop’ system for reporting and paying VAT across the bloc to include all distance sales of services and intracommunity sale of goods. The updated schemes are together known as the EU VAT E-commerce Package. What does it mean for UK businesses and how can you adapt?
For a small business, handling your payroll is tricky at the best of times, but the coronavirus pandemic and emergence of hybrid working have complicated matters further. Here’s how you can get it right first time