Autumn Budget 2018 and Making Tax Digital
Chancellor of the Exchequer Philip Hammond will present the 2018 Budget on Monday 29 October. Speculation is rife about his ‘direction of travel’, needing to balance raising funds for public services, simplifying taxation and helping prepare the UK for a more competitive position post-Brexit.
At this seminar, we will analyse exactly what the Chancellor’s speech might mean for you and your business in the media sector.
In addition, we will provide an overview of the Government’s new initiative to make tax digital, the VAT elements of which will come into effect on 1 April 2019 for most businesses. The practical details and actual implications of this new regime are causing concern for many businesses, unsure of what these changes actually mean for them. All affected will also have to provide their VAT returns to HMRC through Making Tax Digital compatible software.
Sound straightforward? The software solutions should be able to work seamlessly, but the practical details and the actual implementation could be very challenging. No-one wants to trigger late submission penalties because they didn’t start in good time.
This part of the seminar is designed to help you plan as early as possible to ensure a successful migration, whilst also highlighting any areas that require particular focus and giving practical points that you can work with.
Date: November 6, 2018
Time: 8.30am registration for 8.45am start. Ends 10.15am. Includes a light breakfast.
Tax Partner, Kingston Smith
VAT Director, Kingston Smith
Director of Business Outsourcing, Kingston Smith
Kingston Smith’s West End office
17 Gresse Street