Making Tax Digital (MTD) for VAT
Make sure your business is ready for Making Tax Digital for VAT
Avoid a last minute panic and missed filing deadlines.
Making Tax Digital (MTD) for VAT impacts VAT registered businesses with a VAT taxable turnover over £85,000 per annum. From April 2019 businesses within the MTD for VAT regulations will be required to keep digital accounting records and to file VAT returns using MTD compatible software. Understanding the new rules and planning according will help ensure that your business is MTD for VAT ready. In this comprehensive guide we will explain the key steps to take to ensure a smooth transition to the new regime, including:
- Understanding the businesses within the scope of MTD for VAT
- Being clear on the important dates and deadlines
- Embracing the advantages of the MTD digital record keeping requirements
- Choosing MTD compatible software that is the best fit for your business