Making Tax Digital
Posted on 10th April 2019 at 21:16
Making Tax Digital is here and Langers can help!
From 1 April 2019, HM Revenue and Customs will require that businesses above the VAT Threshold will need to keep Digital records. From 2020 this could apply to all other businesses who will be then updating HMRC quarterly for their corporation tax, Income Tax and National Insurance obligations digitally. It is a significant change for many of us and means the end of the annual tax return to be replaced with a digital tax account where all your information will be stored in one place.
This change in the way HMRC wants information from tax payers means that you may need to move from your existing desktop or manual record keeping and onto an online accounting package.
The good news is we are certified in the installation and operation of Online Accounting software which is digitally compliant and specifically designed for small and medium sized business. Check our Cloud Services page for more information on the range online software we offer to meet your needs.
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