4 minutes
The Low Incomes Tax Reform Group (LITRG) warns that thousands of businesses are at risk of facing financial penalties if they do not act to comply with the new reporting regime. The warming comes after HMRC has begun automatically signing up VAT-registered businesses to its new Making Tax Digital (M
2 minutes
HMRC has kept its promise to adopt a light-touch approach on the imposition of fines for businesses who have failed to file on time with the shift to the new Making Tax Digital (MTD) system for VAT, according to Saffery Champness LLP. HMRC had not issued any fines for the 120,000 businesse
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