By 1 April 2019, all Holiday Parks with a turnover exceeding the current VAT registration threshold of £85,000 will have to submit their VAT returns digitally using an API interface like Xero.
Making Tax Digital (MTD) comes into effect on 1st April 2019 and will see an end to 'shoe box' accounting. A cloud accounting package can help ensure you are compliant.
With the Making Tax Digital deadline of 1 April 2019 fast approaching, are you ready and compliant? If not, Armstrong Watson can help by getting you set up with Making Tax Digital compliant software or checking whether your current software is compliant.
I have recently received emails asking to engage with me regarding a new product, where payroll can assist, or rather, is required. We all know about the damage pay day loan companies can cause to our employees, along with high credit card charges etc. when there is an ad-hoc need e.g. washing machine breaks down.
The new products on the block are all very similar in their delivery model:
A new form of tax relief specifically targeted at museums and galleries, which was introduced in April 2018 by the government, could result in a payable credit from HMRC of up to £100,000 and sits within a wider range of tax reliefs designed to support the creative sector. Museums and Galleries Exhibition Tax Relief presents a rare opportunity for entities operating within the museums and galleries sector to obtain a cash rebate from HMRC.