HMRC are starting the program of Making Tax Digital [MTD] in April 2019. Are you prepared for the changes needed and how this will impact your business?
On 1st April 2019, all UK businesses (including charities) that are VAT registered with taxable turnover above £85,000 will be required to keep their records digitally and submit their VAT returns quarterly on MTD-compliant software with penalties being charged for non-compliance.
There are a few exceptions to this, so if you would like to check your position - contact our MTD specialist at Winchester Bourne Ltd for guidance.
Nicole Carpenter; 01962 715671 firstname.lastname@example.org