Making Tax Digital – Your Questions Answered
Making Tax Digital is HMRC’s move to digitise tax. As of April 2019, businesses with a turnover above £85k will have to submit VAT returns through the HMRC gateway using commercial accounting software. 89% of UK business will change the way they process tax.
Since the introduction of MTD for VAT, we’ve began engaging with our clients to better understand the issues surrounding this change and how it will directly affect you. We have received lots of questions as many come to grips with how they will be impacted and below are just some of the answers.