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.

Search News

Results: 1-10 of 1633


18 Jan 2019

Your chance to help stop potential damage on the growth of the e-bike market.

18 Jan 2019

Reports suggest that potholes across the UK could be self-repairing in the next 30 years.

15 Jan 2019

Halfords is seeing its consumer confidence weaken, something that will likely stretch into the next financial year.

15 Jan 2019

The Brownlee brothers are scheduled to open the 2019 London Bike Show.

14 Jan 2019

This year may mark the most brutal Christmas and New Year's for retailers ever.

10 Jan 2019

A company, claiming to be the ACT's preferred energy provider, has been calling cycle shops and trying to get them to move providers.

9 Jan 2019

Is click and collect the solution to channel online sales to bricks and mortar bike shops?

9 Jan 2019

iceBike* is back in the new year! Mark the date on your calendars, 19th-21st of February 2019.

9 Jan 2019

The Government plans to extend the charge of plastic bags to small retailers by 2020, with plans to increase the charge from 5p to 10p.

8 Jan 2019

Bicycle Retailer & Industry News investigates the new reality of the bike market in exploring the journey taken to get to where bikes are today.

Back to news menu

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.


Back to news menu

Add a comment

The ACT will not share your email address with anyone and it will not be published on the website.