Now that Making Tax Digital (MTD) for VAT is in effect, it’s easier to reflect on HMRC’s digitalisation initiative with clarity.
Where before certain parts of the legislation initially appeared unclear, today we’re able to identify the exact responsibilities of both clients and accountants. Whether that’s knowing how to move your accounts online or selecting bridging software to ensure compliance, all parties now have the resources to stay on the right side of the taxman come tax return deadlines.
It’s the season for giving.
Here at the Association of International Accountants (AIA) we have been supporting Newcastle West End foodbank, a locally based charity during this festive period.
The future of finance is digital. Making Tax Digital (MTD) is one of HMRC’s key strategic priorities, with the aim of transforming and modernising how tax is reported and managed.
From April 2019, all businesses in the UK with a turnover above the VAT threshold (currently £85,000) will be required to keep digital records of their VAT in addition to filing electronic quarterly returns.
On 15 November 2018 AIA signed a cooperation agreement with Jinan University Education College, Guangzhou, People’s Republic of China to promote international accounting within Guangdong province.
For a second year running the Keyworth Centre, part of the London South Bank University (LSBU) Southwark Campus, played host to a sell-out delegation for the PQ Magazine and LSBU annual national accountancy conference.
Last week meetings were held in Thessaloniki and Athens between the University of London, AIA and Epsilon Net. The purpose of these meetings was to enable the University of London’s Regional Business Development Manager, Louise Blair MA MSc, to discuss a collaboration which would enable Epsilon Net to offer a Global MBA (Accounting and Finance).