Making Tax Digital ( MTD ) will come into force for all VAT registered businesses with turnover above £85,000 with effect from the start of the first VAT return period commencing 1st April 2019 onwards.
From this date, the Government Gateway will be disabled, and no VAT returns will be able to be submitted to HMRC via the Gateway. Every VAT return must then be submitted by MTD compliant software. Currently around 85% of all VAT returns are submitted via the Gateway, and therefore the new legislation will affect a significant number of our own clients.
We have notified all clients already about MTD by way of a newsletter, and we are running in house seminars on MTD for any client who would like more information.
We still have spaces available on our seminars to be held on Wednesday 10th October at 8:00am, and also on Monday 15th October at 5:00pm. If you would like to attend one of these seminars ( which should last no longer than 60 minutes ), then please contact Laura in our offices as soon as possible.