Making Tax Digital what happens next?
So you now have a digital interface to HMRC. The changes are not yet over. The challenge for 2020 is that your system needs to not only produce the nine boxes of data required by HMRC but also provide accurate data.
Businesses are going to need to put the data in correctly in the first place. This means users must be properly trained in how to use the system correctly. Clean data saves time by avoiding retrospective corrections and ensures you are not paying excessive tax bills. We can provide you with a audit to identify problem areas and assistance with training. Many companies have already benefited enormously from this audit, so why not book it today?
Making Tax Digital for VAT may be extended to all VAT-registered businesses from 2021. Stay tuned to find out more.
Contact us today to discuss your MTD plans, call Archie Gardner on 0845 1308499 or 07885104218.