With only six months to go until Making Tax Digital takes effect, UK businesses are on a final countdown to comply with HMRC’s new legislation. Are you ready to start keeping digital records of your accounts?
Making Tax Digital ('MTD') for VAT is intended to make the UK tax system more streamlined and will impact affected businesses in a major way.
As part of the changes, businesses that are VAT registered and trading over the VAT registration limit on 1 April 2019 will be required to comply with new digital regulations.
Under the new rules, businesses must keep VAT records digitally and submit their VAT returns to HMRC through MTD compatible software.
It is vital that all affected businesses are aware of their obligations relating to these changes, and act now to ensure that they are compliant in time for the deadline.
To help you prepare for MTD, PM+M is hosting a FREE drop-in session in which you will be able to learn more about the following:
Overview of Making Tax Digital
Making Tax Digital for VAT
What this means for your business and how we can help you
MTD compatible software
Digital records and Auto Entry
The action that you need to take now
At our drop-in session, you will also be given the opportunity to receive a demo of our MTD compatible software options with a member of our cloud accounting team.
Venue, date and timings
Venue: PM+M Burnley office (9A Finsley Gate, Burnley, BB11 2HA)
Date: Wednesday 12 December 2018
Timings: 9:00am - 5:00pm
If you would like to attend our drop-in session, please register your place via our Eventbrite listing.
We will be on-hand all day to answer any questions you may have, so feel free to pop into our office at whatever time suits you best.
Our session is FREE to attend, although advance booking is required.
If you have any questions leading up to the event, please do not hesitate to contact Laura Bannan on 01254 679131, or via email at firstname.lastname@example.org.
We do hope you can join us and we look forward to welcoming you on Wednesday 12 December.