MTDfVAT Archives | Taxfile https://www.taxfile.co.uk/tag/mtdfvat/ Tax advice & accounting services for South London businesses & SMEs Thu, 12 Jun 2025 12:27:48 +0000 en-GB hourly 1 Navigating the VAT Landscape in the UK: A Comprehensive Guide https://www.taxfile.co.uk/2023/12/navigating-the-vat-landscape-in-the-uk-a-comprehensive-guide/ Tue, 05 Dec 2023 10:17:43 +0000 https://www.taxfile.co.uk/?p=7327 VAT in the UK: a comprehensive guide including what it is, the different rates, registering, returns, reclaiming it, the different schemes and more.

Value Added Tax (VAT), a consumption tax levied on most goods and services in the UK, plays a significant role in the nation's economy. Whether you're a sole trader, limited company business owner or simply a curious consumer, understanding VAT is crucial for navigating the UK's tax system effectively. Today's comprehensive guide explains what it is, the various VAT rates, when you need to be registered for the tax, VAT schemes, and more.

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]]> Making Tax Digital for Income Tax Self Assessment (MTD IT). Are you ready? https://www.taxfile.co.uk/2020/09/making-tax-digital-for-income-tax-self-assessment-mtdfitsa-are-you-ready/ Tue, 01 Sep 2020 12:52:52 +0000 https://www.taxfile.co.uk/?p=4534 The Government has now pencilled in what they regard as a firm date to implement MTD for IT, for all landlords and business owners that have an income above £10,000. The next accounting period starting on or after 06/04/2023 that meet the above mentioned criteria will need to be compiled & submitted via MTD-compatible software. […]

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