Making Tax Digital …… Only 200 days to go!

13th September 2018

It’s time to decide how you will digitalise your records in order to meet HMRC requirements ahead of April 2019

HMRC wants the UK to be one of the most digitally advanced tax administrations

in the world, improving efficiency, effectiveness and ease of compliance. Their plans

signal the end of paper accounting for millions across Britain making it easier for

businesses to stay on top of their day-to-day accounts.

 

From April 2019, businesses with turnovers exceeding the VAT threshold will have

to set up a digital tax account and file quarterly returns on-line via record keeping

software as near to real time as possible

 

It is imperative that all businesses, whether incorporated or not, are aware of the date that their obligations within MTD start so that they can prepare for the changes ahead.

Please contact your local office for further information if you require further advice on this matter.

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