MTD for VAT - All support One

What does Digital Tax mean for businesses?

February 6, 2019February 8, 2019 Tom Clark

Making Tax Digital is a government initiative designed to make it easier for individuals to get tax right. Under the scheme, from the 1st April 2019, any VAT registered businesses will need to submit their tax records to HMRC digitally using Making Tax Digital software, rather than using the HMRC’s Government Gateway. But what will it mean for businesses? VAT registered businesses If your business is VAT registered, from April 2019, you’ll need to move to digital record keeping. If you don’t already use Making Tax Digital compliant software to…

Making Tax Digital – FAQs

February 5, 2019February 8, 2019 Tom Clark

What is MTD? MTD stands for Making Tax Digital. It’s part of the government’s move to make all tax digital, transforming the current system into one of the most digitally advanced tax systems in the world. When does MTD start? MTD comes into force from April 2019. HMRC has, however, deferred MTD by six months for a number of businesses, including: Trusts Not for profit organisations that are not incorporated VAT divisions VAT groups Public sector entities such as NHS Trusts and Government departments Local authorities Public corporations Businesses based…