Amy Johnston of accountants David Allen explains how Making Tax Digital works and what businesses should do to comply.
The new system launches on April 1st, 2019, initially for VAT.
But according to recent research by the British Chambers of Commerce, thousands of businesses aren’t ready.
Those that fall foul of the new rules will face penalties. David Allen has produced a handy guide to Making Tax Digital here.
It is also running a series of sector-specific workshops on Making Tax Digital.
For information on these click here.
Click here for information on Making Tax Digital on the gov.uk website.