by Lotuswise | Aug 7, 2020 | Coronavirus: Finances, Making Tax Digital, Tax
DETAILS ON HOSPITALITY VAT REDUCTION HOSPITALITY VAT REDUCTION: WHAT IS IT ALL ABOUT? When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed... 
by admin | Dec 20, 2019 | Business Success, Cloud Accounting, Making Tax Digital, Tax
We, the Lotuswise Team, wish all our clients & friends a very Merry Christmas and a Happy New Year! Lotuswise Chartered Accountants and Business Consultants can help you and your business succeed. To find out how, please contact us. To also... 
by admin | Feb 4, 2019 | HMRC, Making Tax Digital, Tax, Technology
MTD for VAT Pilot is Now… Open to All You may have heard that, on 10 January 2019, HMRC announced that their Making Tax Digital for VAT (MTDfV) pilot was now open. As such, it is accessible to all those mandated to keep digitally compliant records and to file... 
by admin | Aug 2, 2018 | HMRC, Making Tax Digital, Tax
Making Tax Digital For VAT Guidance Issued HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep your business... 
by admin | Jun 21, 2018 | Making Tax Digital, Tax
MTD and Digital Systems You should know that in early May, HMRC issued an e-mail to stakeholders acknowledging the result of the 2016 EU referendum had resulted in major changes in priorities for the department. Which means HMRC is now being required to deliver... 
by admin | Feb 21, 2018 | HMRC, Making Tax Digital, Tax
Making Tax Digital for VAT – MTD for VAT You may have heard that Making Tax Digital for VAT, or MTD for VAT, is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. HMRC Legislation On 18 December 2017,... 