|CEJ CONTRACTOR ACCOUNTANTS|
Contractor Blog Zone
We would love to hear your comments
WE love the internet here at CEJ.
Watching sport on our laptops, online shopping (especially when it’s your anniversary the next day and you’d completely forgotten), having access to every film, song and TV series ever made, not to mention the delights of Facebook, Twitter and a million other social media platforms… we’re big fans of it all and we’re sure that many of you are too.
That said, we’re not convinced that any of you were exactly jigging with delight at the possibility of companies being forced to report tax online every three months as part of a government scheme called Making Tax Digital, which has been dressed up as a way of helping individuals and businesses keep on top of their affairs.
In reality, having to report tax every three months is likely to have been more like a headache for the people and businesses it is aiming to help.
Quite possibly with that in mind, the treasury has done something of a u-turn, recently announcing that “Businesses will not be mandated to use the MTD system until April 2019 and then only to meet VAT obligations.
“This will apply to businesses with turnover above the VAT threshold. Businesses with turnover below the VAT threshold will not be required to use the system but can choose to”.
Great news, we’re sure you’ll agree.
As ever, if you’re a CEJ client then we’ve got it covered anyway, but if you’ve got any questions you need answering then don’t hesitate to get in touch.As ever, if you have any questions, don’t hesitate to get in touch: email Jo (email@example.com), Ben (firstname.lastname@example.org) or Peter (email@example.com).