Making Tax Digital (MTD), a controversial systems overhaul led by HM Revenue and Customs (HMRC), is changing tax as we know it – and British businesses and self-employed taxpayers need to be prepared.
By 2020, the Government has decided that HMRC will be “one of the most digitally advanced tax administrations in the world” – thanks to a mandatory transition to online accounts which will need to be undertaken by all businesses with an annual turnover of £10,000 or more.
The transition will significantly change the way your business operates – as tax returns, payments and financial records will all need to be carried out online.
Fortunately, the team at Hallys & Co Chartered Accountants are here to help ensure that your transition goes as smoothly as possible.
How can we help?
It is important not to get caught out of the loop when Making Tax Digital comes into force, and Hallys & Co Chartered Accountants believe that preparing for MTD in advance is the best step to a smooth transition.
To stay up to date, Hallys & Co are also actively keeping on top of any MTD announcements.
Our team are prepared for the challenges ahead, and can offer you our expertise and experience with online accountancy software to help you to prepare for MTD today.
Call now to speak to a business advisor on 020 8732 5577 or send us an email on firstname.lastname@example.org to arrange a free, no obligation consultation.