Corbyn promises to ease MTD Burden

Labour leader, Jeremy Corbyn, has joined the various debates about Making Tax Digital (MTD). He stated that he would scrap the quarterly reporting for businesses with a turnover of under £83,000. At a recent conference he said that this is because he considers it to be an unnecessary distraction for…

Lords Call for Delay to MTD

Making Tax Digital for Business (MTD) is a subject of concern for a number of organisations, from tax experts through to the House of Lords Select Committee on Economic Affairs. All agree that MTD is being rushed and its implementation should be delayed until 2020. A Lords Sub-Committee published a…

MTD Apps – do they work?

As part of their preparations for Making Tax Digital (MTD), HMRC has been explaining how small businesses will save time, and therefore money, when they file their tax returns on line. In their consultation document, HMRC used the experiences of ‘Eve the Carpenter’ to detail the benefits of MTD. Eve…

Accentra make room for the Apprenticeship levy

From spring 2017, HM Government is making changes to the way apprenticeships in England are funded with the introduction of an apprenticeship levy on all companies with pay bills of more than £3 million per annum. The apprenticeship levy is 0.5% of an annual pay bill, so a company with…

UK accountants embrace cloud whilst SMEs lag

Exact 2016 SME barometer praises UK accountants, near the top of the European league of cloud adoption, but only 16% of small business input their accounts online. Over 2,000 accountancy professionals across Europe were surveyed by Exact as part of their annual survey which looks at relationships between accountants and…

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