Making Tax Digital (MTD) is a government initiative that will eventually move all Tax/NIC management and payment online. It mandates digital record keeping and automated filing, this will require the use of compliant software.
As of April 2019 VAT registered businesses with a taxable turnover above the VAT threshold will need to keep digital records for VAT purposes.
Other Businesses will not be asked to keep digital records or update HMRC quarterly for other taxes, primarily income tax and corporation tax until April 2020 at the earliest, pending further government announcements.
We will help you to keep up to date digital records, business information and specific transactional details. We will also submit these records to HM Revenue & Customs via compatible software.