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(MTD) Making Tax Digital

MTD (Making Tax Digital) is designed to help VAT registered businesses keep track of the money they owe in terms of tax obligations and how much they ought to receive as refunds.

MTD (Making Tax Digital) is intended to help the HMRC receive accurate tax information, reduced errors and make it easier for accounts software to real time submit and easier contact with HMRC.

If you have any questions regarding MTD and how it affects your business please get in touch we offer a full range of services to get your company MTD compliant.

When Will MTD Become Mandatory?

Businesses with a turnover of more than £85,000 need to VAT registered and you will start to be affected in April 2019. Businesses will be required to maintain digital records that can be used for VAT-related purposes.

Further rollout of MTD will occur in 2021 which will be targeting businesses that are below the VAT threshold.