Making Tax Digital – What’s New?
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
For IBM (i) users ‘bridging’ products, which work by linking and extracting data from their existing software products and spreadsheets to submit the returns, is the simplest and least disruptive way to comply with the new requirements.
The IMS bridging software meets this requirement and is HMRC approved. HMRC confirmed in June this year that there is no set end date for the use of spreadsheets or bridging software within the MTD for VAT service.
Need assistance with your MTD activities? If you want to work with a successful business that is continually growing and investing in its services, then call Archie Gardner on 0845 1308499 or 07885104218 to arrange a ‘without obligation’ meeting.
Read more about Our Approach https://www.imsolutions.info/iseries-services/ims-making-tax-digital-portal/
Read the latest HMRC Mythbusters to ensure you are fully up to date. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/812707/Making_Tax_Digital_mythbusters.pdf