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You will need to follow the MTD rules from the first hours of day of your first VAT times starting on the subject of or after 1 April 2019. After this date you will no longer be able to fill in the manually all-powerful the nine boxes of a paper-based VAT compensation, or manually fix your VAT recompense online at the HMRC VAT portal. Essentially, most businesses will need to switch to using software for their VAT accounting, at least, although MTD is just about sealed for added types of shape taxes, such as corporation tax, from 2021 the opportunity should be used to switch to every one digital accounting via software. When does MTD for VAT put into computer graphics? For most businesses, MTD for VAT was mandated from 1 April 2019. However, for deferred businesses comprising 3.5% of the sum MTD for VAT begins from October 2019. See under for examples of deferred businesses. Does MTD for VAT apply to my situation (or my clients)? In easy terms, if your matt...

Are you working or own a business in the UK -   Do you need an Accountant ? Apply here  -  https://mbtax5.wixsite.com/mbennco Understanding your tax code & claiming a tax refund As a UK citizen, you are entitled to  tax refund  for any overpaid tax regardless of the reason that might have caused you to pay more than what you should have. There can be several reasons for overpaying the tax and some of them include: • You might have started another job and have been assigned an  emergency tax   code for some time. • You might have married or formed civil relationship where your spouse, civil partner or you were born prior to April 6, 1935. • Your employer might have received a wrong tax code by HM Revenue & Customs (HMRC) or the employer might have used an incorrect code. Well, these are only few of the situations under which you might have overpai...