Making Tax Digital

How will Making Tax Digital (MTD) affect my business?

MTD will affect all VAT registered businesses from 1 April 2019 and will make it compulsory for businesses to keep their VAT records digitally and submit VAT returns using compatible software.  

Turning MTD into an opportunity

Software developers have grasped the opportunity to develop some fantastic accounting software which present businesses with the chance to improve their profitability and efficiency including;

• add-ons which really do make book-keeping quicker
• Smartphone apps that input data directly into accountancy software from just a photograph
• access to accounting records remotely
• software that learns how to correctly allocate expenses based on your previous activity
• using secure online banking connections to recognise income in real time.

Unlock the potential of your business

MTD might intitially appear to be an inconvenience, but in reality there has never been a better time to;

• digitise your business (and you may find yourselves paying less for software)
• look forward to spending less time filing your VAT returns
• produce better business information.

Are you ready for MTD?

Complete our enquiry form and a member of our MTD team will contact you within one working day to arrange your free MTD Ready Check.