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11 Aug 2022

A viable option for today’s cash-strapped consumers looking to spread the cost of their new method of transportation is retail finance. Retail finance can take the cost of their new...

11 Aug 2022

Cycling UK has opened nominations for its annual list celebrating inspirational women who empower others to get cycling

11 Aug 2022

It has been reported that the Government is likely to introduce a causing death by dangerous cycling law as part of new legislation to be included in a Transport Bill which will begin its...

11 Aug 2022

With climate change and fuel prices on the rise, many people are turning to alternative methods of transportation in order to cut their carbon footprint and save money. The government is slowly...

10 Aug 2022

The Family Bike Club, a non-profit family cycling social enterprise project, is seeking to collaborate with a proficient cycle mechanic to offer repair services to the passing public from their...

20 Jul 2022

Are you an ACT member? You can get free access to the full range of ACT job boards! Alternatively, an ACT silver membership is the same price - just £60 per year - for...

20 Jul 2022

Mark Brown, guest writer for the ACT, has created a graph using DfT data that compares the use of different vehicles...

20 Jul 2022

Each week Maybe* round up the best social media posts from across the UK. See who's coming...

14 Jul 2022

It's been a busy first half of the year at Maybe* HQ and they've kicked off the second half with one of their favourite celebrations, Independents' Day. Maybe*'s support of the campaign made 21...

14 Jul 2022

The DfT's plan set out the UK’s world-leading ‘greenprint’ to create cleaner air, healthier communities and tens of thousands of new green jobs across the UK.

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Making Tax Digital: Changes from 1st April 2022

Posted on in Cycles News , Creative News

Businesses are required to have signed up to Making Tax Digital ready for their first VAT return starting on or after 1 April 2022. However, they may not be required to make their first submission via Making Tax Digital until Summer 2022. All VAT returns must be made via compatible accounting software.

The Government have published new guidance from 1st April 2022 for businesses to understand when to start using Making Tax Digital for VAT if they haven't before.

View the Government guidance here

From 1st April 2022 all VAT registered businesses must sign up for Making Tax Digital, no matter how much they earn unless you apply for an exemption.

 

What do I need to register?

To register for Making Tax Digital you need:

  • your business email address
  • a Government Gateway user ID and password - if you do not have a user ID, you can create one when you use the service
  • your VAT registration number and latest VAT return

You’ll also need:

  • your National Insurance number if you’re a sole trader
  • your company registration number and Unique Taxpayer Reference if you’re a limited company or registered society
  • your Unique Taxpayer Reference and the postcode where you’re registered for Self Assessment if you’re a general partnership
  • your Unique Taxpayer Reference, the postcode where you’re registered for Self Assessment and your company’s registration number if you’re a limited partnership

Where can I get more help and guidance on Making Tax Digital?

For more information, HMRC is running live webinars – during which you can ask questions using the on-screen text box.

These webinars provide an overview of MTD, including digital record keeping, compatible software, how to sign up and submit VAT returns directly from the business. 

Register here

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