Making Tax Digital
See how MTD will affect you and your business.
What is Making Tax digital?
When did it begin?
Who does it affect?
Currently MTD only affects VAT registered businesses with a turnover above the current VAT registration threshold (currently £85,000). These businesses will be required to keep their records digitally (for VAT purposes only) and provide their VAT return information to HMRC through Making Tax Digital compatible software.
Why are we Making Tax Digital?
HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it's:
Easier for taxpayers to get their tax right
How we can help
We have worked hard in providing solutions to our clients across a range of software. We started this process for our clients over a year ago to ensure that each client was setup and supported in the way that suited them and their business best. While it is true that a few clients don't like the change, the majority are saying that they wish they had done it sooner.