News & Events
FUEL help companies prepare for MAKING TAX DIGITAL on the 1st April next year
FUEL – High Performance IT understand the importance of the new Inland Revenue requirements for companies with a turnover in access of 85,000 pounds from the 1st April next year (2019) and organise an information seminar to help companies understand.
Under the heading – “Making Tax Digital” the Government plan to transform the tax system by 2020-21. They are plan to introduce digital record keeping, while also bringing in quarterly updating for landlords, the self-employed and businesses, covering self-assessment, corporation tax and VAT.
All the main software vendors like SAP and Sage, etc, have been meeting HMRC on a very regular basis since the Government released plans for MTD, and are releasing their relevant updates. However, there is a finite time involved here, and if you haven’t spoken to us regarding MTD, it’s time you had!
HMRC have set a target to become the most digitally advanced tax administrations in the world and “MTD” is making fundamental changes so as to make this a very real possibility.
Making Tax Digital is much more than just keeping records digitally and reporting to HMRC electronically from those records. It will change the way we engage with the government. MTD is the technological embryo that will change our way of doing business!
To help YOU get ready for Making Tax Digital FUEL are running a “Making Tax Digital” Information Seminar. Here you’ll gain a detailed understanding of what will be involved.
Please Join us and find out more on “Making Tax Digital” before you make any decision on your current accounting Software.