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Card transactions, driven by our love of contactless, are now outpacing cash ones for the first time. Recently revealed information is that the UK passed ‘cash peak’ sometime late last year. Jon Cunliffe
The deputy governor at the Bank of England
to signal to everybody out there … is that we are serious about it and it will happen, so there will be no question of any further delay on this, so we all need to make sure that we’re ready for it. Mel Stride MP
Financial Secretary to the Treasury
Minister of State with responsibility for Value Added Tax.
Only those businesses which are mandated to register for VAT will have to comply with the new MTD VAT requirements. Those which registered voluntarily will be able to use the new system but may also continue to use their current methods of uploading VAT returns – including manually entering figures via the Government gateway login. Jacquie Mount
Head of Technical Policy, ICB