CIOT has just published the results of its survey on the use of MTD which makes for interesting reading with amongst other findings 90% of respondent stating that MTD did not reduce errors and the cost of compliance has far exceeded government estimates. The results of the survey are being shared with HMRC and the government, so is the system working in practice?
Source: thevatpeople.co.uk
Latest Posts in "United Kingdom"
- VAT Rates: 5% for Renewable Energy Installations, 20% for Double Glazing
- Company Liable for Unpaid Import VAT Due to EORI Confusion and Lack of Evidence, Appeal Dismissed
- VAT Input Tax Denied for Nursery Property: Option to Tax Disapplied in Nissi N Nissi Ltd Case
- HMRC Confirms VAT Exemption for Locum Doctors After Landmark Isle of Wight NHS Tribunal Decision
- HMRC Introduces Mandatory Registration for Tax Advisers from May 2026: Key Rules and Exemptions
