From April 2019, most VAT registered businesses were required to submit their VAT returns through the government’s Making Tax Digital for Business system and has been reasonably successful.
This is part of HMRC’s movement towards becoming a more digitally advanced tax administrator.
All other traders were to come under MTD in April 2020 but this was postponed until April 2021.
If you need help to implement cloud accounting software we can help you make the best choice for your business.
For more information about how Making Tax Digital might affect your business, contact us now.