This is a trade facing website. Visit the ACTís consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.
The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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Results: 1-10 of 1682


20 Mar 2019

Following an increase of incoming calls querying finance providers in the cycles market, the ACT are publishing a mini-series to answer the trade's questions

19 Mar 2019

Returning to the ExCel this March is the 2019 London Bike Show

18 Mar 2019

Latest updates on Brexit and the parliamentary votes

18 Mar 2019

The government has recently presented new information surrounding Making Tax Digital

12 Mar 2019

This year's eBike summit brings together business leaders and key players working in the sector, to explore how we advance full eBike mobility

11 Mar 2019

Several great prizes up for grabs in Cytech's Fastest Wrench Competition at London Bike Show 2019

11 Mar 2019

Will e-bikes sales overtake the sales of bicycles?

11 Mar 2019

Now with less than a month until Making Tax Digital (MTD) requirements come into force for VAT, make sure you are ready

11 Mar 2019

The government has announced the Workers' Rights Protections for Brexit

8 Mar 2019

This Spring, Fully Charged, London's premiere electric bike retailer celebrates its fifth birthday

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Making Tax Digital pilots and webinars available

Posted on in Business News , Cycles News , Political News

HMRC has the ambition to become one of the most digitally advanced tax administration in the world with Making Tax Digital (MTD). Businesses and agents are increasingly recognising the benefits of digitisation and MTD plans to make fundamental and crucial changes to the way the tax system works. Tax systems will become more effective, efficient and easier for taxpayers to get their tax right.

tax 

What will MTD mean for businesses?

Businesses will be able to devote more time, attention and energy to maximising business opportunities, grow and implement good financial planning.

What is MTD?

Businesses with a taxable turnover above the VAT threshold of £85,000 are required to keep VAT records digitally. Submission of VAT returns will need to be done using MTD-compatible software.

MTD allows for the digitisation of the VAT return process to reduce the tax gap and support businesses in staying on top of their tax affairs.

Ahead of the implementation of MTD, HMRC is holding webinars for businesses on:

  • How to prepare their business
  • Information on registering for the Public Beta Pilot.

Read the full story here.

The next webinars will be held on the 22nd of January at 11am, 1pm and 3pm

The government is also offering MTD pilots, find all the guidance you need here and sign up for MTD pilots here.

MTD pilots for VAT will open early 2019 to partnerships and those customers who trade with the EU.


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