120k firms miss MTD for VAT deadline

120k firms miss MTD for VAT deadline

More than 120,000 VAT-registered businesses in the UK missed the August deadline to file returns through Making Tax Digital (MTD). HMRC confirmed that around 116,000 businesses with quarterly obligations and 5,000 firms that file monthly returns did not sign up in...
VAT reverse charge ‘should be delayed’

VAT reverse charge ‘should be delayed’

A major change to VAT in the construction industry could cause significant disruption to businesses unless it’s delayed, the Chartered Institute of Taxation (CIOT) has warned. The VAT domestic reverse charge is set to come into effect on 1 October 2019, and will...
Private sector contractors warned about tax rises

Private sector contractors warned about tax rises

Sole traders and the self employed who work with the private sector will have to pay increased tax after the government said it would continue with plans to level the playing field between employees and those in the gig economy. From April next year it is estimated...