HMRC & reverse charge VAT
We've talked to HMRC about the implications of reverse charge VAT for building & construction services - so you don't have to!
Making Tax Digital (MTD) is a long-term project of HMRC. It’s a move towards continuous assessment for all forms of tax, including income tax, corporation tax and VAT.
As part of MTD, HMRC has proposed that all businesses and some individuals – in particular landlords – should file quarterly as well as annual tax returns. At present most of the HMRC effort is devoted to MTD for VAT.
Trace Solutions – an HMRC-recognised software developer – is the first supplier of enterprise-grade property management software to be listed as a provider of MTD-compatible software.
We will include all mandatory areas of MTD as standard functionality in our 5.70.20 release, prior to HMRC’s deadline for adoption.
Trace clients can see full briefing notes here.
Call or email us now on +44 (0)20 7825 1299 for a free, no obligation demonstration. Please note: during the current pandemic all demos are taking place online, via Zoom or MS Teams.
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