The much-awaited Making Tax Digital Roadmap is unveiled

Should accountants start discussing the changes with their clients and implementing solutions? How long have they got to prepare? Is it worth spending time on it? 

As part of a new 10-year plan to modernise the UK tax administration, we finally have some answers. The accounting industry can finally start planning with some certainty and to a sensible timeline.

Charity Commission advice, MTD for VAT soft landing period extended and IR35 Delayed

The Charity Commission has advised that charities due to submit an Annual Return imminently, but are unable to do so, can email them to request a filing extension. Coronavirus guidance for the charity sector provides information in response to the most commonly asked questions about operating during this period.

TaxCalc News February

HMRC Update on off-payroll (IR35) rules

Whilst a review of the IR35 implementation plans continues in the House of Lords until the end of this month, HMRC have announced changes to the draft legislation.

 HMRC has confirmed that the new rules for contractors, working for medium and large-sized companies, will affect services provided after 6 April 2020 and will not be applied retrospectively regardless of payments made after this date. Where the services are performed by the contractor before 6 April 2020 it will continue to be the responsibility of the contractor and their personal service company (PSC) to decide if the work falls within IR35 and pay the right amount of tax to HMRC.

October news: New products, advice, MTD and more

What with all that’s going on in the world, it’s easy to get overloaded with information. So we’ve brought you the most relevant news and updates relating to your life in practice. Here’s our October roundup of some of the latest changes in legislation, plus pertinent product news and advice.

MTD for VAT is here, how are you faring?

Following the introduction of MTD for VAT and the first quarterly submission deadline having just passed on the 7^th August, we’ve taken a look through 4 of the common errors encountered with the HMRC MTD portal.

Like most processes any big changes can lead to a question of ‘We can’t know what we don’t know’, if you encounter an error for the first time.

MTD. VAT. Brexit... AOK?

While the UK finds itself these days having to manoeuvre political and economic minefields, the accountancy profession faces its own increasing levels of uncertainty with technological, social and legal factors influencing practices at every turn.
 
The challenges have been continuous, with updated FRSs, the GDPR, MLRs and the imminent rollout of MTD for VAT with BREXIT and MTD for Business hot on their heels. There’s simply no getting away from the fact that change is inevitable.
 
These changes will affect the services you provide, how you interact with your clients – and how you manage your practice.

TaxCalc at Accountex 2018

We’d love to meet you!

The TaxCalc team will be on stand 250 at Accountex 2018! Held at ExCel London on 23^rd and 24^th May, Accountex is the UK’s largest exhibition and conference dedicated to the Accountancy and Finance profession.

We’re very excited about Accountex 2018! We’ve got lots to talk about, here’s a sneak preview into what will be happening on the TaxCalc Stand.

Overview of our May release

Our latest video will introduce you to new and useful features we’ve packed into our latest release, helping you to prepare for GDPR and MTD.