MTD penalties – soft landings, light touches and hard lines

Making Tax Digital for VAT (MTD) is now live, and some businesses may find that they struggle to get to grips with the new requirements it brings.  It is therefore essential to have a clear understanding of how HMRC might apply penalties under MTD and what businesses should do if they encounter problems or things go wrong. Credit: Google local guide 박재영 Read the full article at Accountancy Age. ...
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Understanding making tax digital

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it is: more effectivemore efficienteasier for taxpayers to get their tax right If you are a small business struggling to get your head around Making Tax Digital, at Charcroft Baker we are here to help you make the transition. Get in touch using the form below - we look forward to speaking with you. Read more on gov.uk On a mobile device? Tap to call 01622 671 717 Reach out ...
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