Bray Accountants No Comments

The Government seem intent on forcing the Self Employed to eventually file quarterly figures for Income Tax but thankfully the timetable of this reform has been delayed until at least April 2020. VAT registered businesses will however be mandated to use the Making Tax Digital for Business system to meet their VAT obligations from April 2019. This will apply to businesses who have a turnover above the VAT threshold – the smallest businesses will not be required to use the system yet, although they can choose to do so voluntarily.

Leave a Reply

Your email address will not be published. Required fields are marked *