News & Blog

14 Aug 2019

According to an Intuit QuickBooks survey UK small business owners spent an average of 86 minutes checking their #VAT returns for #HMRC. Over half (51%) made mistakes and only 27% feel confident their return is correct. 

Don't risk penalties , as Intuit Quickbooks MTD ready pro advisors we can help. Quickbooks Online uses SmartScan™ technology to highlight possible errors or anomalies.

SmartSc...

20 Mar 2019

With Making Tax Digital for Vat just round the corner I set out below 6 of the most common misconceptions about what is going to happen on 1st April and nothing to do with Brexit!

If you have any questions, concerns or just need some help please contact us at Perspectives Accounting we are MTD ready are you ?

20 Mar 2019

Making Tax Digital for VAT registration (MTDfV) will take seven working days.

The latest HMRC notification updated its guidance for businesses looking to sign up to Making Tax Digital for VAT, pointing out those that pay VAT by direct debit will need to do so at least a week – seven working days - before sending a VAT return.

This means that businesses that pay VAT by direct debit cannot sign up i...

20 Feb 2019

From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 will be required to:

  • Maintain their accounting records digitally in a software product or spreadsheet. Maintaining paper records will cease to meet the legal requirements in tax legislation.

  • Submit their VAT returns to HMRC using a functional compatible software product t...

14 Jul 2017

The government has finally given into pressure from professional bodies, businesses and MPs and announced that it is to defer implementation of Making Tax Digital (MTD) for a year for larger businesses.

It will also allow small businesses under the VAT threshold to choose when to adopt MTD. 

“Businesses agree that digitising the tax system is the right direction of travel,” said Treasury financial...

Please reload

Featured Posts

IR35 in the Private Sector

September 19, 2019

1/1
Please reload

Recent Posts

September 19, 2019

June 6, 2019

March 20, 2019

February 20, 2019

Please reload

Archive