Since April 2019, VAT-registered businesses have been required to use the Making Tax Digital service for:
- Income tax and NICs purposes if your turnover is below the VAT threshold
- VAT purposes for everyone who is VAT registered
- Corporation Tax purposes for everyone who pays Corporation Tax
The government has now set out its road map for the further roll out of Making Tax Digital, which will cover VAT, income tax and corporation tax.
For further information about the changes click here.
If you would like any further information or assistance with accounting integration and Making Tax Digital, please get in touch.