Making Tax Digital extended to April 2022
The revised final start date for MTD to April 2022 has given many SME’s more time to prepare – however with working from home and lockdown the planning for this important event has not been easy.
Our KKVMS specialists will help you be ahead of the date, as although 2022 sounds a way away, as we all know with the past 18 months anything can happen to delay plans and the prevent the possibility of a smooth transition.
MTD means businesses with a taxable turnover of more than £85k will be required to keep their records digitally and file their VAT returns direct from their software package, saving time and hassle for everyone. It’s the latest step on the road to a fully digital and truly 21st Century tax system.
Get in touch with the team to find out more and ensure you are MTD ready.