Welcome to the May 2019 Newsletter from Certax Accounting The EU recently granted the UK government a 'flexible extension' of Article 50, pushing so-called 'Brexit Day', the day that the UK officially leaves the bloc, to 31 October 2019. Business groups have urged politicians to 'urgently agree on a way forward'. Meanwhile, the government's Making Tax Digital for VAT (MTD for VAT) initiative came into effect on 1 April. MTD for VAT fundamentally changes the way in which businesses keep VAT records and submit VAT returns. Firms with a taxable turnover above the VAT registration threshold (currently £85,000) are now required to comply with the MTD for VAT rules. Additionally, the government ha