Introducing Making Tax Digital
From 1st April 2019, any business registered for VAT will be required by law to store digital financial records and to submit their VAT returns using Making Tax Digital (MTD) compatible accounting software.
At Dolan Accountancy, we are proud to work with FreeAgent, whose software has already been HMRC approved to both digitally store and seamlessly submit VAT Returns directly to HMRC. In addition HMRC can also send any necessary communications straight back to your FreeAgent portal regarding your return. Your Dolan Accountancy accountant will be in touch soon to discuss the changes however as you are already using FreeAgent, there should not be any action required on your part.
Making Tax Digital for VAT in 60 seconds
Get to grips with MTD for VAT in this short video from FreeAgent’s chief accountant, Emily Coltman.
If you would prefer an indepth guide to MTD, please download the following guide from FreeAgent.
If you have any further questions on Making Tax Digital please call your Dolan Accountancy accountant on 01442 795 200 or email them directly.