MAKING TAX DIGITAL (MTD) UPDATE

Over the coming years, the government plans to phase in its landmark Making Tax Digital (MTD) initiative, which will see taxpayers move to a fully digital tax system. However HMRC has shared a statement about how they are prioritising change in the department and as a result some parts of MTD will be delayed. HMRC has acknowledged the challenges in:

  • exiting the EU and
  • the ambition to become the world’s most digitally advanced tax authority.

While some of the finer details are still being decided, HMRC have announced that, to achieve the above, some aspects of MTD are to be delayed.  HMRC still plan to go ahead with MTD for VAT from April 2019. Information on some of the delayed projects is set out below:

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GDPR IS COMING BUT WHAT IS IT?

GDPR IS COMING BUT WHAT IS IT?

The General Data Protection Regulation (“GDPR”) is the new legal framework that will replace the Data Protection Act in the UK from 25 May 2018.

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YEAR END TAX PLANNING

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.

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QuickBooks Online Platinum ProAdvisors

Dorrells is a QuickBooks Online Platinum Partner. Our staff have attended QuickBooks training courses to achieve Advanced Certified ProAdvisor status.

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