Making Tax Digital for businesses

10 top tips to get ready for Making Tax Digital – Business Article

Is your business ready for HMRC’s revamp to the tax system? If you’re yet to start the process and need support to get ready for Making Tax Digital, this article will help you take the steps to get things moving. When Making Tax Digital begins in April, starting with the VAT programme, it will be the first step taken by HMRC to reduce the £9bn of tax revenue that is lost each year due to incorrect submissions. Who is affected…

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Making Tax Digital checklist: How to ensure you’re ready for MTD – Business Article

As of 1 April 2019, VAT-registered businesses in the UK will need to submit their VAT returns using “functional compatible software”, as part of HMRC’s Making Tax Digital (MTD) plans. With the deadline approaching, we’ve created a Making Tax Digital checklist to help you. And below, you’ll find a checklist infographic, which highlights the considerations and steps you need to take to prepare for MTD. One key thing to remember is that from April 2019, if your VATable turnover is…

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