The government’s plan to digitise tax for everyone in the UK begins in April 2019 with MTD for VAT. The new rules will require businesses with a taxable turnover above the VAT threshold (£85,000) to store financial records digitally and submit VAT returns from MTD-compatible accounting software.
You can read more about MTD for VAT here.
If TI Accountancy already take care of your VAT submissions, then you don’t need to worry as we have put plans in place to ensure your business is able and ready to comply with the new rules seamlessly!
If you oversee your own VAT submissions and you are unsure if you are MTD ready the please get in touch and we will be able to help.
If you would like any further information, please contact us at firstname.lastname@example.org