Making Tax Digital
Making tax digital (MTD) is a new way of keeping records and filing returns with HM Revenue & Customs (HMRC). It will eventually replace the current paper-based system and make it easier for businesses to get their tax right.
Businesses and individuals who are required to file their Income Tax and VAT Returns electronically under MTD will need to use compatible software in order to do so. This software will need to be approved by HMRC in order to be compliant with MTD regulations. In addition, businesses and individuals will need to keep digital records of their Income Tax and VAT Returns in order for them to be filed electronically.
Making tax digital should make it easier for businesses to get their taxes right. This should mean that businesses pay less tax overall, as well as saving time and money on compliance costs.
Expert Accounting and Finance makes it easy for you to comply with Making Tax Digital (MTD) for Income Tax and VAT returns.
We have a team of experts who can help you with every step of the process, from setting up your MTD-compliant software to submitting your returns.
With our help, you'll be able to focus on your business while we take care of the paperwork.
Contact Expert Accounting and Finance for further information or advice on making tax digital.
0207 887 2437│ www.expertacc.com
Accountant
Bookkeeping & payroll services
Cloud Accounting & MTD
Making Tax Digital
Tax and Tax Planning