MAKING TAX DIGITAL
Time
is ticking away before the 1st April 2019 deadline – it’s just 31
days away!
For
all VAT registered businesses with a taxable turnover above £85,000, you will
need compatible software in order to submit your VAT returns to HMRC commencing
from 1st April 2019.
To
comply with Making tax digital (MTD) for VAT your business must:
·
Keep
digital records, using MTD compatible software.
·
Submit
your VAT return to HMRC through HMRC’s new portal using MTD compatible software
(HMRC’s existing online portal will no longer be available).
If
you are already keeping your business records on Sage Accounting, you must
ensure your software is MDT compatible.
Please
get in tough should you wish to discuss how your business will need to be ready
for MTD.
