From the 1st of April 2019, businesses need to keep digital records and submit VAT returns using MTD compliant software from the start of their first VAT return period beginning on or after the 1st of April 2019.nCertax Accounting can ensure that your business is compliant with this requirement by maintaining and submitting the necessary information. This would be done in a timely and accurate manner, therefore, enabling you to concentrate on running your business without any administrative distractions.
If your business has an annual turnover above the VAT threshold of £85,000, you will need to comply with the above legislation. By allowing Certax Accounting to deal with your MTD needs you will benefit from more accurate digital accounting and tax recording. You will also have a better understanding of your tax liabilities and get advanced warnings of due dates.
We will be advising you of the software options available and most appropriate solutions for your business which will lead to compliance with all the MTD requirements and any changes brought about to these.