Technology services
MTD and the cloud
If your business is VAT registered, you must submit your VAT returns digitally, using approved HMRC software. When Making Tax Digital (MTD) first came into force, HMRC allowed businesses additional time to put in place digital links.
This soft landing came to an end in April 2021. Since then, HMRC has been issuing penalties for not keeping complete and ‘adequate’ digital records for VAT returns – which means copy and paste data is no longer sufficient.
Additionally, from 1 April 2022, many more businesses need to comply with digital reporting requirements. If your business is registered for VAT, regardless of turnover you MUST sign up for MTD.
LATEST NEWS FROM Bishops
May 11, 2026
Pub closures blamed on costs and disproportionate tax burden
The British Beer and Pub Association (BBPA) have reported that 161 pubs closed across the country in the first three months of 2026. It is estimated that this has led to the loss of 2,400 jobs. Scotland has been the most heavily affected, with 41 closures between January and March.
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May 7, 2026
Data law change relaxes consent rules for charities
The Information Commissioner's Office (ICO) has published final guidance on the new ‘charitable purposes soft opt-in’ provision introduced by the Data (Use and Access) Act 2025.
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