Making Tax Digital is a key part of the government’s Tax Administration Strategy. It requires businesses and individuals to:

• Keep digital records
• Use software that works with Making Tax Digital
• Submit updates every quarter, bringing the tax system closer to real-time

If you have a VAT registered business, you are now required to keep digital records and file your tax returns using compatible software.

HMRC will sign up all remaining businesses to Making Tax Digital for VAT automatically unless they are exempt or have applied for exemption.

As a Xero registered advisor we can help you to ensure you are compliant with current HMRC legislation.

If you need further assistance, we can help.  Use the contact link below to get assistance or further advice on MTD legislation.