Making Tax Digital (MTD) requires taxpayers to maintain electronic records and ‘communicate’ with HMRC digitally. Now is the time to look ahead and prepare for the next stages of the MTD programme. Making tax digital for VATVAT-registered businesses whose turnover is in excess of the VAT registration threshold of £85,000 are […] The post Making Tax Digital (MTD) appeared first on BFMS Accountants and Business Advisers.

Where a company’s annual return has a made-up date of 1 October 2011 or later, its principal business activity should be identified using the 2007 version of the UK SIC code (Standard Industrial Classification of Economic Activities) rather than the previous 2003 version. Further details are available @ companieshouse.gov.uk/about/sic2007.shtml   The post Company Annual Return Amendments appeared first on BFMS Accountants and Business Advisers.