Making Tax Digital Myths and Fact
Posted on 14th March 2019 at 11:00
There is confusion about Making Tax Digital, what it means for businesses and when and what it is compulsory.
Cloud software companies would love you to believe that you have to have online accounting software, but you don't. if you want to continue using spreadsheets that is fine as long as it is attached to Bridging Software. There are many options out there to have a look at.
That said, some businesses are using this as an opportunity to move to cloud software and streamline their paperwork by going more cloud based.
The first compulsory MTD returns don't start straight away in April. They start from the first VAT quarter that starts after April 2019.
Making Tax Digital
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