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EFD-REINF: Atualizações e novidades para 2021 | Rede Jornal Contábil - Contabilidade, MEI , crédito, INSS, Receita Federal

EFD-REINF: Atualizações e novidades para 2021 | Rede Jornal Contábil - Contabilidade, MEI , crédito, INSS, Receita Federal
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Digital Linking deadline closing in - The Accountant

Digital Linking deadline closing in - The Accountant
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Stuart Clark , Glasgow Based Russell , Tax Digital , Making Tax Digital , ஸ்டூவர்ட் கிளார்க் , வரி டிஜிட்டல் , தயாரித்தல் வரி டிஜிட்டல் ,

One million businesses re-brace for MTD for VAT – 1 April 2021


At the end of this month, it’s the big one – the delayed phase II of HMRC’s Making Tax Digital for VAT (‘MTD’).  Over one million VAT registered businesses face tough new obligations on digital recordkeeping and the ‘digital journey’ on their VAT data. HMRC is looking to expunge over half a billion pounds in VAT errors with this phase of digitising VAT reporting. What that means for businesses of all sizes is the outlawing of manual data adjustments, manipulation in spreadsheets or most manual calculations of VAT data.
To back this up, HMRC are imposing full VAT penalties, which had been suspended in late filings for two years. This is very important: HRMC has acknowledged its current missed VAT return penalty regime inflicts disproportionate fines on small businesses. It wants to reform this in 2022. But for now, it’s absolutely fundamental for cash flows that you digest and follow the new rules. ....

United Kingdom , Tax Digital , ஒன்றுபட்டது கிஂக்டம் , வரி டிஜிட்டல் ,