Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

FreeAgent receives new digital tax approval from HMRC

FreeAgent receives new digital tax approval from HMRC
  • Award-winning cloud accounting provider gains place on HMRC’s official list of software suppliers ready for Making Tax Digital for VAT

Innovative cloud accounting provider FreeAgent is celebrating after receiving new credentials to help micro-business owners navigate the UK’s forthcoming digital tax legislation.

FreeAgent, which makes software for freelancers, micro-businesses and their accountants, has been included on HMRC’s list of suppliers that are ready to support Making Tax Digital (MTD) for VAT.

The new legislation will require VAT-registered businesses to keep digital tax records and make quarterly updates to HMRC from next April. It is the first stage of the government’s wider Making Tax Digital agenda, which aims to fully digitise tax reporting for all UK businesses over the coming years.

FreeAgent has been working closely with HMRC in recent months to ensure its software provides the best possible experience for small businesses and accountants who will be submitting VAT returns under MTD. In order to gain a place on the suppliers list, the company had to not only test FreeAgent’s MTD capabilities in an official test environment, but also demonstrate a prototype of its software to HMRC.

Ed Molyneux, CEO and co-founder of FreeAgent, said: “We’re delighted to be on HMRC’s list of MTD-ready suppliers. It’s a key recognition for our software as we prepare to support freelancers, micro-businesses and their accountants through the forthcoming MTD for VAT legislation.

“Ever since we started FreeAgent, we’ve been committed to helping business owners manage their tax & finances digitally. We’ve supported digital VAT submissions since 2010 and we’re now looking forward to working with HMRC to help shape MTD and to ensure that this brave new world of digital tax is as simple as possible for our users.”

FreeAgent has also created a suite of useful resources for freelancers and micro-businesses who are looking for more information about Making Tax Digital and how the new legislation will affect them. Check it out at: https://www.freeagent.com/guides/making-tax-digital/

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post