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Making Tax Digital (MTD)

 

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.

HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it is:

  • more effective
  • more efficient
  • easier for taxpayers to get their tax right

Making Tax Digital for VAT

We’ve taken a major step forward in this ambition with the introduction of Making Tax Digital for VAT.

Many VAT-registered businesses with a taxable turnover above the VAT threshold are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT Returns.

If, like many companies, you do not have mtd registration or are prepared with the correct software then you may well need help from us.

As MTD software specialists Ashden Accountants cn advice and assist you. 

Please email info@ashden-accountants.co.uk or call 0800 998 9838.



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