Making Tax Digital is here and if you are required to submit through the new gateway you will need to do your first submission in the next 8 weeks. It...
Making Tax Digital is the UK government’s pioneering initiative to take all tax submission online and to therefore enforce digital record keeping via computer software.
Eligible VAT-registered businesses started taking part from April 2019 and other forms of business tax set to follow in the future.
There was understandably a lot of discussion at Accountex 2019 around Making Tax Digital (MTD), with the show opening just one month after MTD for VAT was mandated (as of 1 April 2019).
To attempt to discern the landscape now and in the future, for both businesses and accountants, Sage attended the keynote speech given by Theresa Middleton, HMRC’s director of Making Tax Digital for Business.