MTD

Making Tax Digital

MTD is the Government’s drive to increase transparency in the UK tax system by pushing British businesses to use software for their recording, reporting and returns.

As of April 2019 VAT-registered businesses with a taxable turnover of more than £85,000 must keep digital records and file VAT returns using compatible software approved by HMRC, with plans to extend it further in coming years.

As a cloud accounting specialist and a Xero Gold Partner, Horsfield & Smith is perfectly placed to advise you on which software will work for your business.

We can also guide you through the setup of whichever package you decide to use, ensuring it integrates with your existing systems, and provide ongoing training and support.

Important as it is to comply with MTD legislation, digital accounting is also among the most powerful tools available for streamlining your business to free up time and capacity.