From April 2019, HMRC is launching the Making Tax Digital (MTD) initiative, an ambitious plan to turn the HMRC into one of the most digitally advanced tax administrations in the world.
Under the new system every business that is VAT-registered in the UK will be required to submit their UK VAT returns digitally to HMRC, without any manual intervention.
You can’t do business across the European Union and much of the world without dealing with Value‐Added Tax, or VAT. International VAT For Dummies explains in simple terms what VAT is, how and where it should be applied, and how to remain compliant.
Tax is woven into the fabric of how businesses buy, sell and move things. This complex and quickly evolving area of business is linked closely to macro-economic trends such as the boom of e-commerce and the emergence of new digital business models, which are transforming the nature of global trade and supply chains.