Making Tax Digital
- by Valerie Hall
- •
- 11 Feb, 2019
- •
Are you ready? Do you know how it will affect you or your business?
Making Tax Digital for businesses begins on 1 April 2019 with MTD for VAT. From that date, VAT-registered businesses above the threshold of £85k will have to keep digital records and submit VAT returns using compatible software. It will no longer be possible to keep a cashbook or spreadsheet and input the figures direct through HMRC website.
Other components of Making Tax Digital, such as income tax, are expected around April 2020.
If you need help, please get in touch.
We are ready, so we can ensure you are compliant by taking on the task or perhaps you would like to maintain your own records. We can source software and help by showing you how to use it.
Other components of Making Tax Digital, such as income tax, are expected around April 2020.
If you need help, please get in touch.
We are ready, so we can ensure you are compliant by taking on the task or perhaps you would like to maintain your own records. We can source software and help by showing you how to use it.