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18 Mar 2019

The government has recently presented new information surrounding Making Tax Digital

13 Mar 2019

Take part in the UK's biggest cycling, walking and scooting school challenge

12 Mar 2019 | 2 comments

This year's eBike summit brings together business leaders and key players working in the sector, to explore how we advance full eBike mobility

11 Mar 2019

Several great prizes up for grabs in Cytech's Fastest Wrench Competition at London Bike Show 2019

11 Mar 2019

Will e-bikes sales overtake the sales of bicycles?

11 Mar 2019

Now with less than a month until Making Tax Digital (MTD) requirements come into force for VAT, make sure you are ready

11 Mar 2019

The government has announced the Workers' Rights Protections for Brexit

8 Mar 2019

Over 50% of all bike owners have had a bike stolen, accounting for 2% of all reported crimes. Join us at the next APPCG meeting to tackle cycle theft.

8 Mar 2019

This Spring, Fully Charged, London's premiere electric bike retailer celebrates its fifth birthday

6 Mar 2019

Belhaven Bikes, born in 2005, is an indie bike shop representing the local community of Dunbar and beyond

Making Tax Digital: Update

Posted on in Business News , Cycles News

national living wage The government has just announced that Making Tax Digital (MTD) will not be mandated for any new taxes in 2020. This changes the prior timetable to introduce MTD for Income Tax Self-Assessment and Corporation Tax from 2020.

MTD will be implemented on the 1st of April 2019 for VAT, with a light touch approach to penalties in 2019/20.

If a business can prove they are doing their best to comply, no filing or record-keeping penalties will be issued to retailers.

The Association of Convenience Stores (ACS) has published guidance for retailers on complying with MTD, available here.

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