From the 1st April 2018 the government has introduced making tax digital (MTD). MTD is compulsory for all VAT registered business with a turnover greater than £85,000 per annum.
Brexit will affect us all in many ways. If you are VAT registered and make purchases or sales in the EU you will be affected in a number of ways. You will be affect if you use the Mini One Stop Shop (MOSS), if you make 8th directive VAT reclaims, if you pay import VAT to mention juts a few.
At Integer we have been trying to ensure all our clients are ready for the new digital age. Our clients are encouraged to use software that allows you to capture your purchases and sales via an app on your phone, which is then fed directly into our chosen cloud based accountancy package and as such avoids the need to send documents in the post and avoids the annual burden of completing an excel spreadsheet at the last minute.
New legislation in force from April 2019 will require all employers to (a) provide payslips to all workers, and (b) show hours on payslips where the pay varies by the amount of time worked. This guidance is to help employers, workers and their advisers understand the new legislation.
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