Making Tax Digital for VAT aims to transform HMRC into one of the most digitally advanced tax administrations in the world and make tax administration more effective, more efficient, and easier on the taxpayer. By using MTD compliant software, you are able to transition into digital record keeping and data transfer and meet the new rules set by HMRC.
It is hoped that the move to digital integration will eliminate existing paper-based processes, and so will allow businesses and agents to focus on maximising business and growth opportunities.
Businesses on monthly returns are well underway, but those filing quarterly are due their first return on August 7th. Be MTD Ready with BTCSoftware and your essential toolkit for Making Tax Digital.The MTD scheme plans to make tax administration more effective, more efficient, and easier on the taxpayer. With these improvements, it is hoped that the move to digital integration will eliminate existing paper-based processes.
Download your Making Tax Digital toolkit from BTCSoftware. Inside, you will discover a comprehensive toolkit to help you transition to MTD for VAT.