What is Making Tax Digital?
Making Tax Digital is a Government initiative which means that all VAT Registered businesses will be submitting their VAT return digitally from April 2019. Put simply, you will need to use online software to submit your returns.
There are a number of software applications available such as Xero, Kashflow, Quick Books, Free Agent, Sage and many more. We are able to work with all of these packages if you have them set up and, if you are new to cloud based accounting software, we will be able to recommend the right one for your businesses circumstances, set it up for you and bring your annual bookkeeping up to date.
This is the first step towards making the UK "one of the most digitally advanced tax administrations in the world" according to HMRC. With these changes it is more important than ever to keep your bookkeeping and accounts up to date and we are here to help.