Welcome to our GP Finance Newsletter. This edition covers a number of issues that impact on General Practice, including: National insurance rises Pension contributions Your FAQs…
Making Tax Digital for VAT – GP Practices
VAT is the front-runner in HMRC’s plans for the rollout of Making Tax Digital (MTD), with MTD for VAT (MTDfV) reporting due to commence in April 2019, ahead of reporting for other taxes. Digital reporting is likely to apply to all main business taxes in the future and potentially impact all UK taxpayers, but not until at least April 2020.