Making Tax Digital
HMRCs’ new making tax digital strategy is currently aimed at VAT registered businesses who are over the £85,000 threshold.
This means that business who meet the criteria will have to submit their vat returns using third party software and register for making tax digital.
Although this sounds like another burden of compliance, it does not have to be. Cloud accounting is changing the way we keep records it is becoming more efficient and if kept up to date can be a powerful management and decision-making tool for your business. Here at U&W we are ready for MTD and we invite you in our office to discuss your business needs and how best we can help you.