The last tax year started on 6 April 2016 and ended on 5 April 2017. HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline.
From April 2019, businesses with taxable turnover above the VAT registration threshold will be required to keep their records digitally and submit VAT returns using Making Tax Digital compatible software.
After launch of Making Tax Digital agent’s will be able to link their clients’ records directly to practice software using some of these tools, making it easier to access an accurate and up-to-date overview of the business when required.
Recently we had a chance to meet Mr. Donald Wooller.Working for Customer Protection team at HMRC, It turned out to be formal and interesting meeting, revealing different, insignificant yet imp Scam going on.
When you are starting your own cab first of all you need to think if your plan comes under “self-employed”.