Martin Aitken & Co Ltd News & Developments

Martin Aitken & Co: news and comment
1 minute reading time (257 words)

MTD for VAT explained

Cloud technologyIn a series of short webinars, Mark McRae and Kim Matheson from our Cloud Accounting team explain what Making Tax Digital (MTD) is, who it applies to and what you need to do to prepare to submit your first digital VAT return post 1 April 2019 to HMRC.

From 1 April 2019, all UK businesses that are VAT registered and above the £85,000 VAT threshold will be required to maintain a digital record of their VAT transactions and submit VAT returns to HMRC using MTD compatible software.

Webinar 1: MTD for VAT explained (15 mins) >watch

  • What is Making Tax Digital (MTD)?
  • Who does it apply to and what does it entail?
  • What are the impacts on the different VAT schemes?
  • MTD for VAT solutions: cloud software and bridging software.

 

Webinar 2: What is cloud accounting and MTD for VAT solutions (8 mins) >watch

  • Cloud accounting software: benefits beyond compliance with MTD.
  • Sage 50 Cloud: MTD for VAT demo.
  • Xero cloud accounting software demo.
  • MTD for VAT: key points recap.

 

Webinar 3: MTD for VAT solution for small/micro businesses (8 mins) >watch

  • Clearbooks Micro: MTD for VAT demo.
  • Using a cloud based spreadsheet for financial record keeping.
  • MTD for VAT: key points recap.

 

Further information and guidance 

MTD for VAT: Are you ready for 1 April 2019? Read our short article on the what businesses and charities who will be using the MTD system must do to prepare. >Read more.

Find out more about cloud accounting and digital applications on our cloud website >more 

HMRC undertaking a review of employment status of ...
Dental Acuity Winter 2018-19

Related Posts