Making Tax Digital – More Information

making tax digital sign hmrc

Making Tax Digital Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their accounts. HMRC’s plan is to become one of the most digitally advanced tax administrations in the world. MTD is making fundamental changes to the way the tax … Read More

Insurance Premium Tax (IPT) changes 2018

Here is what you need to know about Insurance Premium Tax (IPT) changes What is it? Although VAT is the most common form of tax, it’s not applicable on insurance — that’s where IPT comes in… There are two rates of IPT: A standard rate (currently 9.5%) which is applied to pet, motor, mobile, contents, buildings and private medical insurance … Read More

Sage Tax (VAT) Codes

  Download your FREE Sage Tax Codes guide to help you understand which codes to use in Sage We know how hard it can be trying to remember all the HMRC terminology for the VAT status on items you purchase. The differences between T0, T2 and T9 often confuse, not to mention that some receipts or invoices show VAT but … Read More