Making Tax Digital (MTD) gets green light from the government
Back to NewsThe Government remains committed to the start of the roll out of Making Tax Digital (MTD) in April 2019 and the legislation to implement the changes is contained in the draft Finance Bill.
What does this mean to your business?
89% of UK Business will change the way they process tax
You will need to ensure that your accounting records are “Digital” and, starting from April 2019, keep your VAT accounting records digitally. “Digital” excludes manual books and records. The existing HMRC VAT portal will cease from April 2019 if your business is above the statutory VAT threshold.
Many of our other clients are already making the change to Digital Accounting records and what we’ve found so far is that our Cloud based accounting package is proving to be very popular.
The benefits of changing the way you keep your records. Our cloud accounting package allows you to:
- Capture receipts and payments from your bank account directly;
- Use your smart phone to photograph expenses and have them filed straight into your accounts;
- See your results 24/7 via an App on your phone;
- Create quotes and sales invoices easily;
Cloud based software solutions
We are Cloud Accounting specialists and promise to help you make the transition to Digital Accounting as straightforward as possible.
As your accountants we will support you through these changes and provide the ongoing services that you need. However, the changes are so fundamental that it will be necessary to review your current record keeping systems and to reconsider what work you decide to do yourself and which activities you wish to include in the service we provide.
Technology and Automation
Our Cloud based software solutions are integrated with the latest technology to ensure your book keeping process is completed as efficiently as possible so we can review your accounts in a timely way, helping you control your business.
Contact one of the Lancaster Haskin Team to discuss how we can help you become MTD compliant and utilise the latest Cloud based, automated software solutions.
