{"id":82683,"date":"2017-07-18T15:12:38","date_gmt":"2017-07-18T15:12:38","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=0245709e3ce43bc119fbac0cd343037e"},"modified":"2017-07-18T15:12:38","modified_gmt":"2017-07-18T15:12:38","slug":"digital-timetable-delayed-to-at-least-2020-for-small-businesses","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=82683","title":{"rendered":"Digital timetable delayed to \u2018at least\u2019 2020 for small businesses"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<div>&#13;<br \/>\n\tBusinesses will not be compelled to use the Making Tax Digital (MTD) system until April 2019 and then only to meet their VAT obligations, the Treasury has announced. This will apply to businesses that have a turnover above the VAT threshold. The smallest businesses will not be required to use the system, although they can do so voluntarily.<\/div>\n<p>&#13;<\/p>\n<div>&#13;<br \/>\n\t\u00a0<\/div>\n<p>&#13;<\/p>\n<div>&#13;<br \/>\n\tMel Stride, Financial Secretary to the Treasury, said the government had listened to concerns about the pace of change and was taking steps to ensure a smooth transition to a digital tax system.<\/div>\n<p>&#13;<\/p>\n<div>&#13;<br \/>\n\tThe Treasury stated that, under the new timetable:<\/div>\n<p>&#13;<\/p>\n<div>&#13;<br \/>\n\t\u00a0<\/div>\n<p>&#13;<\/p>\n<ul>\n<li>&#13;<br \/>\n\t\t\u2018only businesses with a turnover above the VAT threshold (currently \u00a385,000) will have to keep digital records and only for VAT purposes;<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t\u2018they will only need to do so from 2019; and<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t\u2018businesses will not be asked to keep digital records, or to update HMRC &#8230;<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<div>\n\tBusinesses will not be compelled to use the Making Tax Digital (MTD) system until April 2019 and then only to meet their VAT obligations, the Treasury has announced. This will apply to businesses that have a turnover above the VAT threshold. The smallest businesses will not be required to use the system, although they can do so voluntarily.<\/div>\n<div>\n\t&nbsp;<\/div>\n<div>\n\tMel Stride, Financial Secretary to the Treasury, said the government had listened to concerns about the pace of change and was taking steps to ensure a smooth transition to a digital tax system.<\/div>\n<div>\n\tThe Treasury stated that, under the new timetable:<\/div>\n<div>\n\t&nbsp;<\/div>\n<ul>\n<li>\n\t\t&lsquo;only businesses with a turnover above the VAT threshold (currently &pound;85,000) will have to keep digital records and only for VAT purposes;<\/li>\n<li>\n\t\t&lsquo;they will only need to do so from 2019; and<\/li>\n<li>\n\t\t&lsquo;businesses will not be asked to keep digital records, or to update HMRC &#8230;<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/82683"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82683"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/82683\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}