Making Tax Digital?
We’ve got you covered.
Making Tax Digital is fast approaching, and we know it can be confusing to know what this means to you and your business.
What is Making Tax Digital?
In a nutshell, MTD means that all information going to HMRC will have to be sent digitally.
But we’ve you covered.
We use Xero Accounting Software, which will be fully compliant, and we have our own data collection portal that works seamlessly with Xero.
Over the coming months we will be working with you to find the best way to collect your data simply and cost-effectively.
Timeline for MTD is as follows:
April 2019: VAT reporting for all VAT-registered businesses with a turnover above the VAT threshold.
April 2020 (earliest): All other taxes (Income and Corporation Tax).
Keep your eye out for any updates from us!