Following its original announcement in 2015, Making Tax Digital for Income Tax (“MTD”) is finally being introduced in phases from April 2026 with the Government confirming its commitment to MTD at the Autumn 2024 budget.
VAT is an area of ever increasing risk and ensuring your business’ VAT processes and procedures are compliant can be complex.
On 27 February 2023, an agreement in principle was reached between the UK Government and the European Union (EU), titled the “Windsor Framework”. The purpose of this agreement is to address issues arising from the Northern Ireland (NI) Protocol, which was agreed as part of the UK’s exit from the EU in 2020.