Not sure if MTD applies to you? We'll keep you fully informed
Making Tax Digital was introduced on 1st April 2019 and was designed to benefit the taxation system with the implementation of modern technology and systems. Currently, MTD applies both to VAT-registered businesses with a taxable turnover below and exceeding £85,000. Impacted businesses are required to maintain digital VAT records and to submit their VAT returns using software that is compliant with the Making Tax Digital initiative.
Unsure of what to do? Act now and contact Lindrick Accountancy Services Ltd for complete support with the Making Tax Digital process.
It doesn’t sound like MTD applies to me yet. When should I expect to be affected?
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In April 2024, MTD compliance will become compulsory for self-employed businesses and landlords who have an annual business or property income exceeding £10,000.
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In 2026, Making Tax Digital will for Corporation Tax will be introduced
How will Lindrick Accountancy Services Ltd help me with MTD?
As long-standing accountants, we are well-versed in setting up and managing digital tax records. As such, we have helped countless SMBs to successfully navigate the MTD transition, providing continual support from start to finish. We can advise you on the software you will be using, such as QuickBooks, Sage and Xero, and ensure that you are ahead of the game at every step, even if the situation changes.