Only 25% ready for MTD
In March 2019 a study by Thomson Reuters revealed that 56% of tax professionals “had yet to fully implement” plans for Making Tax Digital (MTD) while only a quarter of accountants’ processes meet requirements. Well crunch time is here. The deferred start date for more complex businesses of 1st October 2019 is only just over a month away.
HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. IMS’s ambition is to help our clients avoid excessive tax bills by ensuring your system delivers tax data that is accurate at point of submission. IMS can help you to simplify the process both through upload from your System 21 to the HMRC site and by helping to ensure your data is clean at point of upload.
Worried about MTD? Call us today and we will do our best to help.