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Making Tax Digital for Business (MTDfB) starts 01 April 2019 for VAT-registered businesses over the VAT threshhold, and from 01 April 2020 for all others. To get my clients ready – whether mandated to submit tax returns in 2019 or later – I will be test-driving various software from the published list of approved providers … Continue reading
Recharging expenses occurs when you ‘recharge’ your expenses to your customer eg travel fare or hotel bills.Note that recharges are not disbursements. If you are VAT-registered, there are VAT consequences to be aware of when processing recharges. Using three expenses: You were charged £100 + £20 VAT (for perhaps hotel accommodation); You were charged £30 … Continue reading
Phoenix Debola 