HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREFor charities, MTD regulation deadline is just around the corner
Last year, charities were given an extended 6-month deadline to comply with the government’s digital tax requirements.
On October 1st, charitable trusts paying tax and VAT in the UK will need to comply with mandatory MTD. By adopting this new system, charities will be required to submit their taxes through the HMRC compliant software by keeping their records digital.
Read more at Accountancy Age.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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