Are you ready for Making Tax Digital?
As you may be aware, HMRC have introduced Making Tax Digital. From, 1st April 2019, all VAT Registered businesses with a turnover above £85,000 will need to keep digital VAT records & submit VAT Returns via a software package. From, April 2020, HMRC will also collect Profit & Loss information via your Software, to estimate future Tax liabilities. This may begin sooner if possible, from the information submitted on your Software for your VAT Returns. Our recommendations for So