Making Tax Digital
AccountEdge is Ready, Are You?
Starting in April 2019, a new government initiative called Making Tax Digital (MTD) will see important changes to the way in which businesses report their VAT information to HMRC.
MTD aims to provide businesses the ability to keep records of their income and expenditure digitally, and to send VAT summary updates to HMRC from their software. In turn this will provide a more timely, efficient and simpler tax system, reducing the likelihood of errors and giving businesses more certainty of their position throughout the year.