What is Making Tax Digital?
Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses to stay on top of their day-to-day accounts. HMRC wants to be one of the most digitally advanced tax administrations in the world – improving efficiency, effectiveness and ease of compliance. The plans signal the end of paper accounting for millions across Britain.
From April 2019, legislation will require businesses above the VAT threshold to set up a digital tax account and file quarterly returns online. Preparation starts now, with businesses and accountants moving online to improve efficiency, boost profitability and make the transition painless.
Making Tax Digital preparation is included with the More Than Accountants Unlimited Package.
The unlimited package never has any unexpected fees, unlimited telephone access to your dedicated accountant, includes all of your personal and business accountancy needs and includes a free Xero license – all for one monthly fee! You can quote using our online quoting tool by clicking here.