TAXbite: Making Tax Digital: the exemptions, 6th March 2019

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TAXbite: Making Tax Digital: the exemptions, 6th March 2019

This short video in ICAEW's Tax Byte series explains the exemptions from making tax digital for VAT. It covers automatic exemptions for businesses below the VAT threshold and those already exempt from online filing, as well as digital exclusion for individuals where it is not reasonably practicable to use digital tools due to age, disability, or remoteness of location. The video also discusses exemptions related to insolvency procedures and religious beliefs incompatible with electronic records. Additionally, it outlines how HMRC assesses applications, including considerations of effort, time, and cost, and explains how to apply by phone or post, the information required, authorisation by an agent, and continuing current VAT processes while awaiting HMRC's decision. Links to further support and guidance are also provided. (AI generated description)

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title: TAXbite: Making Tax Digital: the exemptions, 6th March 2019

creator: ICAEW

description: This short video in ICAEW's Tax Byte series explains the exemptions from making tax digital for VAT. It covers automatic exemptions for businesses below the VAT threshold and those already exempt from online filing, as well as digital exclusion for individuals where it is not reasonably practicable to use digital tools due to age, disability, or remoteness of location. The video also discusses exemptions related to insolvency procedures and religious beliefs incompatible with electronic records. Additionally, it outlines how HMRC assesses applications, including considerations of effort, time, and cost, and explains how to apply by phone or post, the information required, authorisation by an agent, and continuing current VAT processes while awaiting HMRC's decision. Links to further support and guidance are also provided. (AI generated description)

publisher: ICAEW

date: 2019-03-06

type: Moving Image

format: mp4

identifier: ON24/1953794

language: en

relation: Tax Bite

subject: Taxation

subject: Tax compliance

subject: Digital tax system

subject: Information technology

subject: VAT