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According to HMRC this is a key part of the governments plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
Whilst you may or may not agree with the theory behind these plans there is no avoiding the subject: it will be compulsory to keep all records in a digital format and make all submissions to HMRC via MTD compliant software. Initially this will apply to all businesses with a taxable turnover over the VAT registration threshold, which is currently £85,000, but will eventually become mandatory for all businesses and those individuals required to complete a tax return.
If you are not already using suitable software we can assist you with the transition and the ongoing processes and we can support and offer both desktop and cloud packages. If the thought of using a computer fills you with dread we can offer bespoke training tailored to your business needs either here or at your own premises or if that idea still leaves you in a cold sweat we can offer a bookkeeping service again either at your premises or inhouse.
Please contact us for a free MTD consultation on 01787 462616 or complete the Quick Contact Form here and we will call you back.
DON’T LEAVE IT TO THE LAST MINUTE. It will take time to ensure everything is in place.
If you would like more information or would like to speak to us direct then call us on 01787 462616. Or if you would prefer, ask us a question online.