Trusted answers on Making Tax Digital for accountants and corporationsUnderstand Making Tax Digital for VAT
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By 2020, HMRC’s Making Tax Digital (MTD) initiative will mean that businesses and individual taxpayers can access their own tax affairs online via digital tax accounts. The next major phase of the programme, Making Tax Digital for VAT, starts in April 2019 and requires digital VAT record keeping and VAT returns to be submitted electronically. This new digital world brings both challenges and opportunities for accountants in practice and corporations.
So, how do you find out what impact MTD will have on your processes and technology? How can you begin to plan for digital record keeping and quarterly updates? To help, we’ve created a single resource for information, valuable insight, and trusted answers from industry-leading experts.What is Making Tax Digital?
Making Tax Digital software for accountancy practices
Provide an even better service to your clients with powerful workflow, analysis and communication tools. Manage the complete compliance process — from totalling and categorising data ready for MTD, to collecting data from HMRC and producing the final, adjusted accounting data.Explore Making Tax Digital software for accountancy practices
Making Tax Digital software for corporations
Thomson Reuters ONESOURCE Indirect Tax Compliance fully supports the requirements of Making Tax Digital. The software delivers significant process improvements and robust risk management – giving you full confidence in your VAT operations for MTD and any future regulations.Explore Making Tax Digital software for corporations