Alert - do you know about Making Tax Digital

By: Gloria Murray. Published: 6 Nov, 18
Hopefully by now you've at least heard of Making Tax Digital. This is how HMRC will make all businesses and individuals file their accounting information digitally.

By April 2019, if you're above the VAT Threshold you will need to keep Digital records and from 2020 this could apply to all other businesses who will be updating HMRC quarterly for their corporation tax, Income Tax and National Insurance obligations digitally.

It is a significant change for many and means the end of the annual tax return to be replaced with a digital tax account where all your information will be stored in one place.

This change in the way HMRC wants information from tax payers means that you may need to move from your existing desktop or manual record keeping and onto an online accounting package.

If you are a client, you don't need to do anything as we have it all covered for you. If you can't make it to the workshop I will post further information for you. To book the workshop, click the link. Places are limited - it's free!