Tax Returns

Making Tax Digital: the myths

Breslins Live The Dream

Making Tax Digital: the myths From 1 April 2019, Making Tax Digital (MTD) for VAT requires most businesses with a turnover above £85k to submit their VAT returns using MTD compliant software as well as keep and maintain digital records. There are many businesses that are still unaware of — or confused about — these…

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Self-Assessment Tax Returns – What do I need to do?

Self-assessment is a system HM Revenue and Customs (HMRC) uses to collect income tax.  Tax is generally deducted automatically from wages, pensions and savings.  However people and businesses with other income must report it in a tax return. When does the tax year run The tax year runs from 6th April to 5th April the…

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The Making Tax Digital System – revolutionising the way you pay your taxes!

The digital world is constantly evolving and businesses have continued to adapt their online services in order to benefit their customers, and improve the functionality of their business. The government recognised they needed to make significant changes in the way businesses submit their personal information and pay their taxes, as traditional methods have resulted in…

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