Money Box

by BBC · · · · 153 subscribers

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

A big change to the UK's tax system starts next April, but are firms ready to comply? In barely five months' time, every business which is above the threshold for VAT must ditch paper-based record-keeping and get new approved software instead. The new rules are part of Making Tax Digital - and make it compulsory for them to keep electronic records of VAT and file returns to the Revenue directly from accounting software. It will apply to small businesses and sole traders if they are VAT-registered and have a turnover - not a profit, a turnover - of £85,000 a ...


Tags: money, bbc, finance, saving, news, paul lewis, business news, investing, loan, news & politics, business, vincent duggleby, mortgage

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