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17 Jan 2022

Thereis now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system....

11 Jan 2022

Applicationsfor the Government's latest additional incentive payment of £3,000 opentoday (11 January 2022) for employers who have hired an apprentice(s) over the winter.

11 Jan 2022

Following an increase in counterfeit notes, the "Know your Scottish Polymer £50 notes" document assists retailers in determining whether the Polymer Scottish£50 notes they receive...

11 Jan 2022

The Greeting Card Association (GCA) have created the 2022 Valentines DayToolkit full of resources to help retailers promote Valentine's Day in their stores and online.

6 Jan 2022

Research shows 45% of people are unwilling to use a bike if there is no secure parking at their destination. HUDJO fixes this problem by encouragingcyclists to hop on their bike and cycle...

6 Jan 2022

A rising demand for retail property to be used for leisure and hospitality businesses has given "renewed optimism" for some UK high streets and shopping districts, according to industry...

5 Jan 2022

Maybe* have rounded up the best social media posts of 2021 so you can take those lesson into 2022 and hit the ground running!

5 Jan 2022

This year will bring everything expected at iceBike* but in a digital format in a whole month of content from Monday 21st February all the way through to Friday 18th March.

16 Dec 2021

As a member of the cycling trade we want your opinion on what date Local Bike Shop Day should fall within the May Bank Holiday, and how you'd like to celebrate it!

16 Dec 2021

You can be a HUDJO host by using any existing secure space on your business premises. By keeping bikes secure you generate additional income and give people more reason to visit you.

Get Prepared for Making Tax Digital for VAT

Posted on in Business News , Cycles News , Creative News

There is now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system.

MTD is designed to help businesses eliminate common reporting errors and save time spent managing tax affairs. Most retailers will already be using MTD following trial phases and requirements based on business turnover from 2019.

MTD for Income-Tax Self Assessment will be introduced in April 2024 with MTD for Corporation Tax expected from 2026 at the earliest. HMRC guidance on MTD for VAT and finding compatible software is available here.

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