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Making Tax Digital is coming soon!

Posted by Admin Posted on 05 Sept 2018

April 2019 is not that far away. From that date the way many businesses prepare and submit their VAT returns is changing. You will no longer be able to prepare your sales invoices in one system and re-key them into another that you use for your VAT returns. This link will need to be electronic using API (application programming interface). If your turnover is above the VAT registration threshold you will also not be able to submit your VAT returns through HMRC's portal by typing in the information. These VAT returns will need to be submitted electronically.

Here at MAS Associates we have taken steps to ensure our clients can be compliant with the new requirements with the minimum of fuss. Not only that, but they will also be able to benefit from significant improvements in efficiency and access to information. We will be announcing some exciting news on how we can assist you later this week!