Making Tax Digital
The Making Tax Digital (MTD) legislation comes into force from 1st April 2019. All businesses with a turnover above £85,000 must set up a digital tax account and file quarterly returns online. If you do not currently use Cloud Accounting software to prepare your VAT returns then you will need to be aware of and make the necessary changes before the April deadline.
If you would like to discuss these changes in more detail, please contact us on 01527 872 752.
Here is a selection of documents that you may find helpful.
Making Tax Digital Presentation - Presentation content from our MTD event on 13th February 2019
HMRC's policy overview from gov.uk – a direct link to the governments website
How to sign up to Making Tax Digital - VAT – a video produced by HMRC providing instructions on how to sign up for MTD for VAT
MTD for VAT made easy with Xero – a guide for MTD for VAT produced by cloud accounting provider Xero
MTD Resources – Xero – Xero’s MTD resource centre
MTD Resources - FreeAgent – FreeAgent’s MTD resource centre