Over the coming years, the government will phase in its landmark Making Tax Digital (MTD) initiative, which will see taxpayers move to a fully digital tax system.
From 1 April 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations – termed Making Tax Digital for VAT (MTDfV).
No matter if your business is big or small, MTD will undoubtedly affect you. As your accountants, we can help you to prepare for the changes ahead of the implementation of MTDfV in April 2019.
For more information, please contact us.