HMRC approves 18 MTD software suppliers

HMRC has released a list of approved Making Tax Digital (MTD) software developers for VAT-registered businesses to use from next year. Businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit...

‘Raise the VAT threshold to stimulate SME growth’, IPSE says

The Association of Independent Professionals and the Self-Employed (IPSE) has called for the VAT threshold to be increased, in response to a government consultation. The current £85,000 threshold at which businesses must register for VAT has been frozen until 2020,...

Government launches VAT review

The government has launched a "call for evidence" on the design of the VAT registration threshold, amid concerns that the current system disincentivises small business growth. In November 2017, the £85,000 threshold at which businesses are required to register for VAT...