The introduction of HMRC’s Making VAT Digital for Business will bring a fundamental change to the way business in the UK manage their accounts and VAT in the future.
To ensure businesses are fully compliant with the new rules it is essential they start preparing now, regardless of the company’s size.
What can businesses do to prepare?
Ahead of MVD, businesses will need to ensure that all of their relevant VAT and financial information has been migrated to an MVD-friendly software package, which will enable them to communicate with HMRC when it comes to submitting tax reports.
How do I prepare?
Familiarise yourself with an accounting software package
Report VAT online once a quarter
Our personal, experienced advice team have broken down everything you need to know about MVD so you can get up to speed, and just as importantly, ensure you avoid any fines come April 2019.
Want to speak more to us about Making VAT Digital? Get in touch here.
One-to-one and group training
So, whether you need help posting invoices, generating quotes, tackling your end-of-month bank reconciliation or any other aspect of functionality, we’ll give you the training you need.
We can provide you with one-to-one or group training as required and, better still, we’ll give you telephone support as you need it.
Call us today on 01376 516584 or contact us now for a no-obligation consultation.