tax rules for business

making tax digital

How will Making Tax Digital’s rules affect your VAT-registered business?

From 1 April 2019, businesses with a ‘taxable turnover’ above the VAT registration threshold must follow the rules set out by the Government’s Making Tax Digital initiative. So what exactly is included in ‘taxable turnover’? HMRC states that the taxable turnover for Making Tax Digital is the same as for VAT – and is ‘the…
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