Making Tax Digital
An increasing number of OMBs have concerns regarding the implementation of Making Tag Digital (19%) – up from just 9% this time last year.
Making Tax Digital is the government’s drive to digitise the process of supplying information to HMRC. From 1 April 2019, all VAT-registered businesses will need to provide their VAT returns to HMRC using compatible software.
For businesses that have been slow to update accounting systems or become highly reliant on spreadsheets and manual accounting entries, the introduction of Making Tax Digital has been or will be a challenge.
To learn more about the steps needed to comply with Making Tax Digital, and the benefits to your business, please
click here.