Making Tax Digital (MTD)
Significant changes are underway concerning VAT returns and bookkeeping, and these changes will affect many UK businesses.
HMRC is launching a new scheme called ‘Making Tax Digital’, effective from 1 April 2019 for all VAT registered businesses.
The scheme requires all VAT registered businesses to submit VAT return data via a complete end-to-end digital process. All businesses will need to take action, whether they are currently using spreadsheets or accounting software.
The team at Ruskells can provide advice and guidance to help with this change. Please call us on 01628 890773 to speak with one of our team.