Making Tax Digital

With Making Tax Digital for VAT around the corner we have decided to demystify some of the most common misconceptions surrounding MTD in our myth-buster infographic below.

Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on… Read more

Preparing for Making Tax Digital Businesses who are preparing for Making Tax Digital will be ahead of the game from April 2019 when the changes are introduced by HMRC. Making Tax Digital aims to digitise the UK tax system, requiring businesses and relevant individuals to submit quarterly accounting records and tax returns. These records and… Read more

Making Tax Digital (MTD) is an HMRC initiative that requires VAT-registered businesses above the £85k threshold to keep digital records and submit VAT returns using compatible software such as Xero. If that’s your business, you’ll need to be compliant from 1 April 2019. Xero online accounting software is perfectly positioned to help your business get… Read more

HMRC’s Making Tax Digital switchover – the biggest change to VAT in decades – is on its way and with only a couple of months to go until the 1st April 2019 deadline, it’s essential that every business is fully prepared. What does MTD mean for me? From 1 April 2019, all VAT-registered businesses with… Read more

The following sets out the key information surrounding the introduction of HMRC‘s Making Tax Digital (MTD) Plan. What is MTD? This is HMRC’s plan to digitise the tax system; it will be the biggest change in UK tax for over 20 years. What is HMRC’s aim?      To digitise tax administration in the UK so it… Read more

What is Making Tax Digital (MTD)? Find out in our Making Tax Digital: An easy to read guide Find out more about Making Tax Digital: Making Tax Digital – Frequently Asked Questions Hunter Gee Holroyd Making a Difference Summer 2018  

Hunter Gee Holroyd Making a Difference Summer 2018 Find out how Hunter Gee Holroyd and HGH Wealth Management have been Making a Difference Summer 2018. Our latest edition of Making a Difference includes updates on the following: Helping clients to prepare for Making Tax Digital. Read our case studies. Making Tax Easy Seminars: Your questions… Read more

You may have heard about some major changes happening to the UK tax system – Making Tax Digital. What is it all about and how do you and your business need to prepare for it? What is Making Tax Digital? Making Tax Digital (MTD) is the most significant change HM Revenue & Customs (HMRC) has… Read more

Personal Tax Account Your personal tax account helps you to manage your tax affairs online. It’s safe, personalised, and brings together all your tax information in one place. You can set one up by following this guidance:- https://www.gov.uk/government/publications/your-personal-tax-account/your-personal-tax-account#how-to-access-your-personal-tax-account What you can do with your personal tax account You can: check and change your address see what… Read more