Rishi says ‘Relax’: Further updates to MTD Legislation
Last time out we covered HMRC's announcement to extend the soft landing for MTD to April 2021 and the legislative change was confirmed in the VAT notice published last month.…
Soft landing extended for Making Tax Digital
In these unprecedented, challenging and uncertain times, tax is a constant, however the HMRC are not immune to the impact currently being experienced. Last Month was supposed to see the end of the ‘soft landing’ period for Making Tax Digital (MTD) but, to further ease pressure on businesses, HMRC have announced a further extension until 2021.
MTD Update – COVID-19 VAT Payment Deferral
As businesses navigate through uncertain times due to the COVID-19 pandemic, HMRC have made temporary changes to VAT to help ease cash flow.
