MTD is a key part of the government's plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
If you are a VAT registered business with a taxable turnover above £85K then MTD will effect your business from 1st April 2019. Over the next coming years MTD will roll out for corporation tax and self assessment as well.
Contact us if you need help with MTD.
You don't have to use a cloud based software, but with MTD rolling out over the next coming month's it will be a requirement if you are VAT registered. Not only by using an accounting software you will be MTD ready, it will also help keep your accounts up to date and organised. We are certified with Xero and Clearbooks and offer training sessions if required.