The first phase of Making Tax Digital (MTD) will go live from April 2019. It's a hot topic in the tax and accounting industry and for good reason. Follow our Making Tax Digital blog to stay up to date with the latest information.

Stay up to date with the latest tax and accounting news prepared by Ward Williams. Read our latest newsletter here: Ward Williams Newsletter June 2019 To receive our latest copy of our news please email sarena.harwood@wardwilliams.co.uk or sign up on our website. We have also prepared newsletters specific to Charities Solicitors & Property Investment & Development. ...

With Making Tax Digital for VAT now underway we wish to make sure that all our affected clients are ready for the next milestone. Where Ward Williams assist with filing a business VAT return we will be liaising or arranging with that business to ensure that it is signed up at HMRC for MTD at the appropriate time.  For other businesses then the sign up is at https://www.gov.uk/ ...

HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the months of April and May, criminals often bombard taxpayers with tax refund scams at the same time as genui ...

The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has 'failed to adequately support small businesses' ahead of the introduction of MTDfV. MTDfV is generally set to come into effect for the from 1 April 2019 for businesses which have a taxable turnover above the cu ...

HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements will be deferred from being subject to MTD for six months. Essentially, the public pilot is now open to sole traders and companies using standard VAT accounting. This applies whether returns are done month ...

HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) will be required to keep digital records for VAT purposes us ...

Ward Williams Chartered Accountants are delighted to achieve Gold Champion Partner status with Xero, the global leader in cloud-based accounting software. As part of our strategic direction to offer a cloud based accounting solution, Ward Williams chose to partner with Xero to provide its cloud platform. With intuitive real-time, integrated software, more and more of the firm’ ...