What constitutes taxable turnover?
VAT taxable turnover is the total value of everything you sell within a 12 month period that is not exempt or outside the scope for VAT purposes.
What is MTD compatible software?
MTD compatible software is an application, that must be able to:
- Record and preserve digital records
- Provide to HMRC information and returns from data held in those digital records by using the API (Application Processing Interface) platform
- Receive information from HMRC via the API platform
Contact a member of the team or email: cloud@cbw.co.uk to find out how cloud accounting systems could help you comply with MTD.
International groups – Doing business in the UK
The team at CBW are experienced in working with international groups, and provide a tailored service to suit the individual needs of each client. We can provide audit, accounting and tax services to suit each of the needs and complexities of your group structure and dedicate the time to understand this fully. You can read more in our dedicated brochure: Doing business in the UK – Audit and accountancy.
Past MTD Updates
To find out more about HMRC guidelines regarding MTD digital links for April 2021, please click here.
Further information
To contact a member of the MTD team please email mtd@cbw.co.uk or call 020 7309 3800.
