MTD for VAT is here – are you ready?

Complying with the Making Tax Digital for VAT rules is now compulsory for all Vat registered businesses with a turnover exceeding £85,000.  All VAT records for VAT periods starting on or after 01 April 2019 must be kept ‘digitally’ and VAT returns must be submitted using MTD compliant software. So – working out your VAT … Continued

Are you ready for MTD (Making Tax Digital)?

If you are VAT registered with a turnover of over £85,000 you need to be aware of and start planning for MTD What is MTD? MTD is a government initiative that will require businesses and individuals to report ‘tax’ information to HMRC digitally on a regular basis (probably quarterly). The timetable in unclear but the first tax … Continued