Making Tax Digital

How to Hit the Ground Running with Making Tax Digital

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Making Tax Digital (MTD) is fast approaching! With the New Year already underway, we thought now would be a good time to remind you of the basics of MTD and how Xero cloud accounting software can help make the transition as painless as possible.…
MTD BREXIT

How Making Tax Digital is Similar to Brexit

Britain to leave the European Union on the 29th May 2019. Tax to go digital just 3 days later. Businesses may feel apprehensive. At OutserveWeb we can help. Britain voted to leave the European Union on 23rd June 2016 and just two months later,…
Xero for VAT return

Submitting Your VAT Return With Xero

Although some areas of Making Tax Digital (MTD), such as Income Tax and Corporation Tax, have been put on hold until at least April 2020, from 1st April next year, UK VAT-registered businesses that are above the threshold (currently £85k) will…
Video: Making Tax Digital timescales for businesses

Video: What Are the Making Tax Digital Timescales For Businesses?

Most businesses, self-employed people and landlords will be required to manage their tax affairs digitally by 2020. This will involve updating HMRC at least quarterly via their digital tax account. The new measures will not apply, however, to individuals in employment or to pensioners, unless they have a secondary income of more than £10,000 per annum. But what are the timescales and when will it affect you? April 2018 for income tax and National Insurance Contribution (NICs) if your turnover is over the VAT threshold of £85,000 pa.
What is Making Tax Digital video screenshot

Video: What is Making Tax Digital?

The government is transforming the tax system and making it digital. The aim is to reduce burdens for taxpayers and build a transparent and accessible tax system. This new system is called Making Tax Digital. The plan is that by 2020, businesses and individual taxpayers will be able to register, file, pay and update all their information online. They will be able to do this at any time of day or night, all year round. So what does Making Tax Digital (MTD) mean for you?
MTD TV logo

Introducing MTD TV

First in a series of videos explaining how HMRC's Making Tax Digital (MTD) will affect you and your business. In this short video, Philip Oakley from OutserveWeb will introduce MTD and what it means to you.
Office laptop waiting to run Making Tax Digital software

Making Tax Digital - what software will you need?

Making Tax Digital (MTD) is asking businesses and individuals to interact with HMRC digitally. As well as having a digital tax account, customers will use digital record keeping software that is linked directly to HMRC systems.