Making tax digital was originally postponed to 2018, and has now been pushed back further to 2019, for businesses with a turnover in excess of £85,000 and 2020 for those under the VAT threshold.
Although the postponement has been welcomed by business owners, these dates can not be ignored.
Under the new making tax digital scheme, businesses will be required to submit their information to HMRC quarterly.
Now is the time for businesses to start thinking about how they keep their books and records.
We work with Xero, Sage, FreeAgent and Quickbooks to name but a few.
If you would like a review of your current system please contact Kayleigh@darceyandbateaccountants.co.uk