In this short webinar Mark McRae, Director Martin Aitken &Co, explains what Making Tax Digital 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.
What's covered in this webinar?
- What is Making Tax Digital (MTD)?
- Who it applies to and what it entails?
- Impacts on different VAT schemes: margin, retail, flat rate and limited cost.
- MTD for VAT solutions: cloud software and bridging software
This is the first webinar in a series of three short webinar videos. >view all
Other videos that you may find useful in our VAT video series include:
- Webinar part 2: MTD Solutions and cloud accounting package demos >watch
- Webinar part 3: Solutions and cloud accounting package - ClearBooks demo >watch