Do you find yourself switching off when your accountant is talking about MTD and compatible software??
Avanti tax accountants ensure that our client communication is in plain jargon free English, meaning that your switched on!
As we look at software this month, we also ask what is Making Tax Digital?
(MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers.
Making Tax Digital for business begins on 1 April 2019 with MTD for VAT. From that date, VAT-registered businesses above the threshold of £85k will have to keep digital records and submit VAT returns using compatible software.