ResourcesMaking Tax Digital is live. Now what?

Making Tax Digital is live. Now what?

Welcome to a world with Making Tax Digital (MTD). The 1st of April has come and gone but the transition to Making Tax Digital for VAT (MTDfV) filing is far from over.

The true impact of the change, where companies and individuals with a turnover higher than the VAT threshold of £85,000 must now keep digital records and submit VAT returns using compliant software, will be felt at the first VAT return submission. Will you be ready to make your first MTD-compliant submission?

Wolters Kluwer are here to help you meet these challenges and make the most of the opportunities that digitalisation offers, so we’ve created a comprehensive Making Tax Digital guide to help you successfully navigate the changes ahead.

In the guide, we cover:

  • the fundamental changes and facts about MTD
  • your first VAT return submission and how to prepare for it
  • keeping digital records
  • monitoring spreadsheets in an MTD environment
  • how to maintain choice in your processes

In addition to helpful guides and the latest insight on MTD, find out how Wolters Kluwer can help you future-proof your practice for a world with MTD beyond MTDfV.

This is a must-read for anyone preparing for their next VAT return submission and looking to future-proof their processes in a world with MTD.

 

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