salonfrog
Accountant for salon owners
Although we know it’s coming, I think this is the first time HMRC have tweeted about it.
MTD - everyone ready?
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salonfrog
Accountant for salon owners
If you’re VAT registered, make sure you’ve spoken to your accountant about MTD.
Yesterday the Institute of Chartered Accountants published research that showed over 40% of businesses that will be affected by MTD for VAT are not yet aware of it, despite the April 2019 deadline for its introduction.
Aside from providing clarity around the thorny issue of spreadsheets, the lack of education or guidance from HMRC has been the biggest complaint coming from the profession.
Yesterday the Institute of Chartered Accountants published research that showed over 40% of businesses that will be affected by MTD for VAT are not yet aware of it, despite the April 2019 deadline for its introduction.
Aside from providing clarity around the thorny issue of spreadsheets, the lack of education or guidance from HMRC has been the biggest complaint coming from the profession.
Cathy Johns
Member
Hi I asked on here back in August thread = Making Tax Digital, I was surprised by the lack of query and questions from salons as to what it is and when and so forth, given that when I found out about it I was quite alarmed. It may be many are not VAT registered which is fine, but anyone else needs to find out about it. Thanks CJ
