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21 Feb 2022

The meeting will take place virtually on Monday the 28th of February at 4.30pm with guest speaker Chris Boardman, who was recently appointed head of the new...

17 Feb 2022

Buy Now, Pay Later purchases are set to appear on credit reports for the first time, meaning lenders will be able to see the borrowing

10 Feb 2022

By offering on site bike parking to your customers, you not only create agreener and happier community, you help cut carbon emissions.

9 Feb 2022

BEIS has opened its Help to Grow: Digital scheme for applications, aiming to support small businesses with discounted software and free advice.

9 Feb 2022

Apprenticeships benefit everyone involved, particularly in these challenging economic times.

3 Feb 2022

The White Paper itself includes underlying policy plans to invest in cycling networks and improve high streets

1 Feb 2022

A key objective for this year involves targeting people that are new to the industry and encouraging them to visit their friendly local bike shop

31 Jan 2022

Members of the cycling trade are meeting up this Friday (4th Feb) at a London pub "for a beer and a bit of a chinwag".

31 Jan 2022

Rules forall types of road users have been updated in The Highway Code to improve the safety of people walking, cycling and riding horses.

31 Jan 2022

Retailers trading in Scotland and/or Wales are reminded to check their eligibility for business rates relief from April.

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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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