Making Tax Digital for VAT – Are you ready?

HMRC suggests VAT-registered firms sign up for Making Tax Digital for VAT prior to 1 April 2022. Firms are asked to take steps to prepare for Making Tax Digital for VAT before it is declared compulsory for all VAT-registered firms from 1 April 2022. Making Tax Digital is designed to assist…

CIS Deductions by HMRC

On the EPS, there has been added an extra field for CIS deductions which has been introduced by HMRC. In order to make claims for CIS deductions, the COTAX reference number or CT UTR (Corporation Tax Unique Taxpayer Reference) must be entered by the companies. Otherwise, EPS submissions would be…