MTD start date for businesses other than those already in the scheme voluntarily or with VAT-able turnovers in excess of £85,000 was put back by Philip Hammond in his Spring Statement 2019 until 2021 at the earliest.
I have updated the MTD section of my website for the deferral of the start of MTD from April 2018 to April 2020 for most small businesses for income tax and corporation tax. For VAT, for compulsorily VAT registered businesses, the start is still April 2019.
Hammond has used all his imagination to shift the latest tax raising ruse from Buy to Let Landlords to the Self- Employed. We need small businesses to create jobs and profits to get the economy going and repay the national debt. Class 4 NIC increases will not make the system fairer. Running your own business can be an uncertain and lonely road.
HMRC anticipate that they will reduce avoidable taxpayer errors by £945m when nearly 5 million small businesses and landlords have to send in quarterly online returns from 2018.
I've been thrilled to watch the women's hockey win a superb gold in Rio. Congratulations to the whole hockey family. What an effort!
Had a super evening on Friday with my friends from University of Huddersfield and caught up with lots of professional colleagues. An excellent evening.
Thanks to all my kind Facebook friends who 'liked' my business Facebook page. Your support is much appreciated.
Working from home is a pleasure and a priviledge. forming strategic alliances with associated firms is far easier than employing staff. Solutions Bookeeping have been very professional and good to deal with.
Brilliant match on BBC Red button #EuroHockey. Well done England
I thought a blog would be fun. So please add comments and reply to posts as it will be more interesting that way.