Making Tax Digital is a government initiative that sets out a vision for a digital tax system to “make it easier for individuals and businesses to get tax right and keep on top of their affairs – meaning the end of the tax return for millions”.
The first stage in this government initiative started on 1 April 2019, and affects all but a few VAT registered businesses. It applies to all types of businesses – sole traders, partnerships, limited companies and even clubs and charities – the common factor being that they all have to file VAT returns with HM Revenue & Customs.
We can assist:
- If you currently use accounting software but need to upgrade to be compliant
- If you currently use only spreadsheets and submit your return via Government Gateway
- If you currently maintain your records on paper
Our Business Services support team will be able to help you with any concerns you have about ensuring your business can comply with MTD. As a firm we have invested in training and have partnered with various software providers to be able to offer you the best solutions for your business.