Making Tax Digital
The countdown is on!
The countdown is on until the UK Government’s digital tax reporting system, Making Tax Digital (MTD), opens for VAT registered businesses on 1st April 2019.
All VAT registered businesses with a turnover above the current VAT threshold of £85k, will be legally required to keep digital records and submit their VAT returns using MTD compliant software.
Is your business ready for this change? Contact us at TSBS and we’ll happily discuss your requirements.
This document from Sage gives a full explanation of what’s required.