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HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. [ 2 ] The changes are expected apply to a wide range of taxpayers, including most businesses, micro-businesses, self-employed people and landlords, as well as individual taxpayers.
Tax returns must be completed by 31 January following the end of the relevant tax year for those who complete the tax return online and by 31 October following the end of the tax year for those who file by a paper return. Once registered, tax payers can submit their tax return online directly via the HMRC website, or from online platforms.
The fraud occurs when the criminals sell the goods with VAT in the UK but fail to pass the VAT to HMRC. [48] The goods are often repeatedly shipped around EU countries by criminal gang networks, hence the "carousel" name. [49] According to the HMRC, between £1.1bn and £1.9bn tax revenue was lost in 2004/05 due to carousel fraud. [49]
An unofficial patch, sometimes alternatively called a community patch, is a patch for a piece of software, created by a third party such as a user community without the involvement of the original developer. Similar to an ordinary patch, it alleviates bugs or shortcomings.
For iPhone: Navigate to Settings > General > Software Update For Android: Go to Settings > System > System Update . S ettings may vary depending on your Android phone’s manufacturer
"So I'm really dramatically blow-drying my hair — it felt like I was in a commercial. And I look up. In the mirror, I see a man in my room." Thanks to an anonymous stranger, Kaley Cuoco will ...
Anyone who collects VAT becomes a VAT Trustee if they: register and collect a Business Identification Number (BIN) from the NBR; submit VAT returns on time; offer VAT receipts; store all cash-memos; and use the VAT rebate system responsibly. VAT Mentors work in the VAT or Customs department and deal with trustees. The VAT rate is a flat 15%.
The tattooed corpse of a woman was found bizarrely stuffed in a refrigerator dumped in some New Jersey woods — and cops say they need the public’s help identifying her.