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Making Tax Digital

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.
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Making Tax Digital for VAT: The closure of VAT online accounts

Making Tax Digital is now mandated by law, and from the 1 November businesses will no longer be able to use their existing VAT online accounts. So how can you prepare?

Making Tax Digital

Making Tax Digital

Basis period reform and Making Tax Digital: Everything you need to know 

Who will be affected by the basis period reform? How will the new system work? And what do you need to do to prepare? We explain all

Guides

Making Tax Digital

On-demand webinar: 5 Practical Steps to get MTD Ready Now

Making Tax Digital

Taking care of tax if you’re self-employed

Making Tax Digital

A guide to Making Tax Digital for VAT

Making Tax Digital

The ultimate guide to Making Tax Digital

Making Tax Digital

7 ways to take control of your business: How to tackle your business admin and stay on top of the game

Articles

Making Tax Digital

9 myths about Making Tax Digital busted

There’s been a lot of misinformation around Making Tax Digital (MTD), leaving many businesses wondering how exactly it applies to them, what their responsibilities are, and whether it will affect their tax liability.  

Making Tax Digital

Making Tax Digital for VAT post April – what now?

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

Making Tax Digital

What is the HMRC penalty system for Making Tax Digital?

HMRC’s new penalty regime is intended to be fairer and less severe in order to promote more timely submissions. We explain how it works and when it comes into force

Making Tax Digital

Making Tax Digital for VAT: 6 simple tips to get your business ready

Is your business ready for Making Tax Digital for VAT? From 1 April 2022, all VAT-registered businesses must comply

Making Tax Digital

Live webinar – 5 practical steps to get ready for Making Tax Digital

We've teamed up with Sage to bring you a live webinar on everything Making Tax Digital (MTD). Here's what to expect and how to sign up

Making Tax Digital

Making Tax Digital 101: a guide to MTD

Jonathan Dowden from Sage explains how MTD will affect small businesses and offers tips on how to prepare for the new digital tax system

Making Tax Digital

Making Tax Digital: what comes next?

The next stages of MTD will be mandated over the next few years, and as Sage’s Lois Laughlin tells us now is the best time to adopt digital practices

Making Tax Digital

How to use MTD to get VAT right

By April 2022, all businesses have to comply with MTD for VAT. Sage's Becca Chappell gives us the lockdown on what to expect and how to prepare

Accounts & Tax

MTD for VAT explained – why there’s no need to panic

Despite much heralding as to its arrival Making Tax Digital is still confusing many small and growing businesses. Stephanie Spicer explains what it all means and what business owners need to do

Accounts & Tax

National Payroll Week: How HR professionals can adapt for the future

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

Accounts & Tax

The EU VAT e-commerce package: how accounting can help

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?

Accounts & Tax

Payroll: how UK small businesses can get it right

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

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