Monday may have been April fools but Making Tax Digital is no joke. The countdown is over and Making Tax Digital (MTD) has arrived!
Since the countdown to MTD started at the end of 2018, we’ve been busy educating clients on their new responsibilities and migrating them to Xero, an online software that complies with MTD and provides you with valuable insight into your finances at the touch of a button. See our article on Xero for more information.
All VAT registered businesses must be VAT compliant. Your first VAT return to be submitted under MTD rules will be any return which finishes after 1 April 2019. For example, if your quarter ends at 30 April, that will be your first.
If you haven’t done anything about Making Tax Digital there is still time – but don’t delay.
Not using technology or doing your bookkeeping online? We can help. Our range of services work for your needs – either taking full control of your bookkeeping or equipping you with the tools to do it yourself.
If you want to learn more about what we can do contact us or find out how we’ve helped one of our clients business using Xero.