Making Tax Digital
So what is it all about?
HMRC is introducing Making Tax Digital to embrace new technology and in theory to make tax easier for business owners. Businesses with a turnover above the VAT registration threshold of £85,000 will now be mandated to file their VAT returns via the Making Tax Digital software from April 2019.
This will apply to businesses who have a turnover above the VAT threshold - the smaller businesses will not be required to use the MTD system, until April 2020 although they can choose to do so voluntarily.
Over the next couple of months we will be rolling out Quick Books support for our clients to ensure they are fully MTD compliant for VAT. We are able to offer discounted rates for QuickBooks software to our registered clients. We will also shortly be offering short QB courses. FREE for clients registered with us.
If you are unsure what you should do or require assistance, please do contact us for non-obligation advice.
Any Business.....Builders...Retail....Buy to Let....Beauty Salons....etc..etc