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Making Tax Digital

Making tax digital – current requirements

All vat registered businesses with a taxable turnover above the vat threshold of £85,000 are now required to follow the mtd rules.
This means:

  • They must keep digital records
  • They must make more frequent submissions (quarterly)
  • They must use software to make submissions to hmrc e.G. Xero
  • Main benefit of mtd – helping individuals and businesses to get their tax right

Next phase

Contact us on 01225 878685 or [email protected] to discuss your mtd requirements and understand what the future position may be.

Download the making tax digital requirements pdf here