Tax Newsletter - October 2019
01 October 2019
For the latest news on Making Tax Digital for VAT, the Employment Allowance, late tax payments and Charity Accounts Audits:
- Almost three quarters (74%) of VAT-registered firms signed up for Making Tax Digital (MTD) before the second stagger deadline last month.
- Plans to remove the Employment Allowance for large employers from April 2020 could impact on smaller firms.
- New figures show self-assessment taxpayers owe HMRC more than £1.6 billion in late payments on 2017/18 tax bills.
- Most auditors and independent examiners in England and Wales failed to identify failings in charity accounts in 2017/18.
Read our October Newsletter now and get in touch if you have any questions.