Is your business ready for the April 2019 VAT changes?
VAT changed April 2019 Explained
It’s now less than a year until businesses that file VAT returns will need to do so online via accountancy software. Apart of the Making Tax Digital (MTD) programme, the initiative means some 2.5 million VAT registered businesses in the UK with a turnover exceeding £85,000 will need to submit their VAT returns through software compliant with that of MTD rather than through the HMRC portal.
Both businesses and their accountants are therefore being required to set up and use online software such as QuickBooks, Xero and Sage. But many companies are still unprepared for the changes. So what can you do to ensure you comply in time? Here, we offer some tips:
Educate yourself and your staff
The first thing to do is confirm – as soon as possible – that your organisation is subject to MTD. There are a few exclusions, including being …
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