FreeAgent takes next leap in Making Tax Digital compliance
Award-winning online accounting software provider FreeAgent has taken its next major step in its mission to help small business owners navigate the UK’s forthcoming Making Tax Digital (MTD) legislation.
Already one of the suppliers on HMRC’s list of software ready to support MTD for VAT, FreeAgent is now also among the first handful of providers taking part in HMRC’s public pilot for MTD for VAT. Going forward, any test VAT submissions under the new legislation will be completed through HMRC’s pilot, rather than via private testing.
Ed Molyneux, CEO and co-founder of FreeAgent, says: “We’re delighted to be one of the first software companies on HMRC’s pilot for MTD for VAT. It’s a key recognition for our software as we prepare to support small businesses, contractors and their accountants through the forthcoming legislation.
“FreeAgent has supported digital VAT submissions since 2010, so Making Tax Digital is a natural fit for us. We’re now looking forward to working with HMRC to help shape MTD and to ensure that this brave new world of digital tax is as simple as possible for our users.”
Is your practice ready for MTD? You can take a free, 30-minute consultation with FreeAgent to find out - sign up here.