What Does This Mean?
Making Tax Digital for VAT means businesses must use compatible accounting software that connects to HMRC’s systems for the purpose of filing VAT returns.
Meet The Deadline
As of the 1st of April 2022, all VAT-registered businesses must make tax digital.
Register Your Business
You will need to register for Making Tax Digital for VAT and activate the option within your accounting software, alongside verification with HMRC.
What Are the Benefits?
Less Paperwork
Switching to MTD software eliminates the annual sort through receipts, invoices and documents. Keep an eye on all incomings and outgoings in one place.
Easier Bookkeeping
Digital bookkeeping helps you keep track of all your financial information. It also gives you access to other digital tools to take control of your finances and grow your business.
Real-Time Tax Information
With digital software, you can keep an eye on your finances throughout the year. The more informed you are, the better your business decisions will be.