DO YOU KNOW WHAT MAKING TAX DIGITAL MEANS?
If you own or run a VAT registered business in the UK you should now be operating a bookkeeping system via compliant MTD computer software
and all VAT returns relevant from the 1st April 2019 will need to be submitted to HM Customs through this software.
WHICH SOFTWARE IS MTD COMPLIANT?
The best way to check on the software compliant is to review the link https://www.gov.uk/guidance/find-software-thats-compatible-with-making-tax-digital-for-vat
ARE THERE ANY EXEMPTIONS FROM MTD?
An exemption can be applied for on the basis of age, disability, remoteness of location or a business in an insolvency procedure.
We can help assist with any advice or work required in relation to all the above.
For more information on Making Tax Digital see our other blogs:
Keli Evans, Director at LJS Accounting Services, excels in taxation and statutory accounts. With a focus on strong client relationships, she leads a diverse portfolio, overseeing vital financial aspects like VAT, payroll, pensions, and taxation with a holistic and committed approach.