What do you know about Making Tax Digital and what it could mean for your business?
Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. VAT-registered businesses above the threshold of £85k will have to keep digital records and submit their VAT returns using MTD-compatible software. Making Tax Digital for business (MTDfb) begins on 1 April 2019 with MTD for VAT.
Are YOU prepared? Do YOU have the suitable and compatible software?
Don’t regard Making Tax Digital as just another obligation. This is your opportunity to streamline your accounting and business management. Keeping records and filing tax digitally gives you the chance to regularly check income, expenses and profit in your business – which will help you to make better decisions.
Here at inTec, we can help. Don't leave it until the last minute!
Contact us today via firstname.lastname@example.org or on 0345 565 1767 and we'll ensure you're well equipped and compliant in time for the fast approaching deadline.