03/09/2018

making tax digital

what is making tax digital?

Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers.

are you ready?

Making Tax Digital for business (MTD) 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. HMRC lists Xero as software that will be compatible with MTD for VAT.

we can get you ready

Ellyss Accountants & Business Advisers are Bronze Xero partners and are ready to make sure our clients are ahead of the rush to ensure they are compliant and the move to MTD is free from worry.

Other components of Making Tax Digital, such as income tax and corporation tax, have been placed on hold until April 2020 at the earliest.

Call us now to see how we can help - 01329 282688