Making Tax Digital & Cloud Based Solutions
HM Revenue & Customs announced plans to make the UK tax system one of the most advanced in the world which will require some individuals and most businesses to submit data to HMRC digitally.
Making Tax Digital for VAT (MTDfV) has now come in to effect for VAT registered Businesses with a taxable turnover in excess of £85k. Your starting period depends on your VAT quarter and we are able to assist you with this change in order to be prepared.
Making Tax Digital for Business and Individuals has been delayed until at least 2021.