on 1st April this year, VAT-registered businesses earning above £85K will have to be Making Tax Digital Compliant. This means that they will have to keep digital records of their tax and submit VAT returns via compatible software.
Its believed that two thirds of UK businesses are underprepared for this looming deadline. It’s crucial for SMEs to become MTD ready by 1 April 2019 as the Government has advised that from this point, businesses will no longer be able to submit VAT returns through HMRC’s Government Gateway.
If you are one of the two thirds get in touch and we can get you compliant with the minimum amount of hassle necessary.