By Kate Brown
Making Tax Digital (MTD) for businesses is the latest reworking of the tax system, whereby businesses must be using a compliant accounting software for their VAT. With the start of the mandatory MTD service from April 2019 for businesses with a taxable turnover of £85,000, HMRC has released more information to offer support.
The latest information provided by HMRC includes:
- A new HMRC VAT notice – click here to see
- A list of software developers – click here to see
- A stakeholder communications pack – click here to see
Combined, the new information can support businesses with the transition to MTD.
If you’d like to discuss MTD and how it will impact your business, get in touch today. Call us on 0114 274 7576, or email us at bestadvice@knowleswarwick.com.
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