Sage.com have published a useful checklist to ensure you are ready for MTD which can be viewed here :
Making Tax Digital checklist: How to ensure you’re ready for MTD
From the 1st April 2019, UK businesses which are VAT-registered will need to submit their VAT returns using compatible software, all as part of plans from the HMRC for Making Tax Digital.
Any businesses whose VATable turnover is above the VAT threshold will have to submit their returns from April 2019 using software.
The 4 parts of the checklist are :
- How to figure out if your business will be impacted by Making Tax Digital for VAT
- How to work out which of your business processed need to be adapted
- How to ensure you have the correct software
- Work out when to make the switch to Making Tax Digital for VAT
Once you have read the article, if you have any questions about the topic, or any other accountancy questions, please do get in touch.
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