Making Tax Digital (MTD) for VAT

The Government objective in introducing Making Tax Digital (MTD) is primarily to close the tax gap, whilst making it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC believes that, through error or mistake, a considerable amount of tax is lost to…Read more »

How can SMEs remain HMRC compliant?

When it comes to ensuring that businesses are complying with tax rules, HMRC take no prisoners. In 2015 alone, a crackdown on VAT rules earned the government an extra £468 million in tax (according to UHY Hacker Young). Unlike large organisations, many SMEs lack rules and processes, therefore the risk…Read more »