TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Making Tax Digital first quarterly deadline

Readers are reminded that the first quarterly filing deadline under Making Tax Digital was 7 August 2019. The deadline to sign up and file under MTD for the quarter ending 30 June 2019 has now passed. We’d like to hear about the MTD experiences of agents and businesses so far. Contact Leontia Doran (leontia.doran@charteredaccountants.ie) to share your views.

Most VAT-registered businesses with a taxable turnover above £85,000 now need to submit their VAT returns using Making Tax Digital compatible software. HMRC can help you get ready with this using webinars and short videos. Their webinars explain the changes and which businesses are affected by MTD. You can ask questions using the on-screen text box. Choose your date and time on GOV.UK.

Guidance has also been published which includes how to sign up, digital record keeping, software and submitting VAT returns directly from your digital records. HMRC’s YouTube channel also has useful videos on ‘How to sign up for Making Tax Digital – VAT’ and ‘Digital record keeping for VAT’.