Making Tax Digital (MTD) has arrived. Since April 2019, businesses over the VAT threshold (currently £85,000 pa) have been required to submit VAT records and payments online via an MTD-compliant cloud bookkeeping solution. For most businesses, this means filing your VAT returns quarterly from now on.
Browse the cloud accounting solutions we’ve partnered with, read our MTD blogs for more information, or get in touch for advice on getting ready for MTD. If you missed the April 2019 deadline, we can help you get your bookkeeping back on track.
Further deadlines are expected in April 2020, as the government rolls out digital transformation to further areas of business taxation, so all businesses should look to be MTD-compliant even if they fall outside of the VAT threshold this year.