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Stay Compliant with MTD: Avoid VAT Penalties Starting Jan 2023

The new MTD system includes VAT penalties for late submission and late payment of VAT liabilities. HMRC is expected to release further guidance next month. Stay informed with us about the changes.

Making Tax Digital (MTD): Navigating the New System For a Sole Trader

As a VAT-registered business, familiarise yourself with the new Making Tax Digital (MTD) regulations for record-keeping and reporting. Soon, sole traders and other Self-Assessment income reporters will also be required to follow MTD rules.