Making Tax Digital: A Checklist
Updated: May 11, 2018
You may notice that in less than a year businesses above the VAT threshold of £85,000 will be required to keep digital records for tax purposes and file tax returns quarterly, under the HMRC’s ‘Making Tax Digital’ (MTD) scheme.
We want to ensure that you are fully prepared, so here’s a quick reminder of what you can be doing now:
Put it in your diary April 2019 – Businesses over the VAT threshold are required to keep digital records and submit quarterly returns for VAT purposes only.
Select MTD compatible software Choose software that fits seamlessly into the way that you do business, so that by April 2019 you’re up and running and any teething problems are ironed out.
Remember you are not alone – we can help! Book your Free ‘Making Tax Digital Healthcheck’ with us today. In just 30 minutes we can help you put together a step by step action plan designed specifically for your business.
Our team is trained in a wide variety of software packages, and can help you independently and objectively choose the software that will work best for you.