Xero have today (21 March) fully enabled new-style MTD VAT reporting. We explain how to activate this with both HMRC and Xero and also how to put this off for now as old-style reporting is still permitted until your official go-live date.
Phase 1 of HMRC’s Making Tax Digital plan requires the majority of VAT registered businesses to keep accounting records in a digital format and to submit VAT returns using software compatible with their systems. It’s time to get ready!
The Scottish Budget for 2019/20 made no changes to tax rates and only minor changes to thresholds and bands, however the result is that many Scottish taxpayers will pay significantly more income tax than their counterparts in the rest of the UK.
Changes to Scottish property transaction taxes (LBTT) effective from 25 January 2019 increase the ADS rate and alter the rates and bandings for commercial property.
CMM have been Xero partners and advisors since 2013.
We are MTD ready as well as being certified for Xero Payroll and for client migrations.
Contact us now to find out how to start harnessing the power of the cloud to support your business.