From 1 April 2019, ‘Making Tax Digital’ will go live for most VAT registered businesses. This means you will need to keep records digitally, submit returns using software and connect accounting systems with digital links. To help you determine what steps you may need to take to be compliant, we have provided a downloadable flowchart.
For those businesses using manual records, they will need to consider their options and start using spreadsheets or accounting software. Even if you are already using spreadsheets or software, it is worth investing time in reviewing your current accounting system to ensure you are working as efficiently as possible while remaining compliant.
Please contact us if you have any questions or would like to find out more about how we can help you.