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Workshop - Making Tax Digital – New regulations explained

Workshop - Making Tax Digital – New regulations explained


 

Making Tax Digital is a key part of the Government's plans to make it easier for individuals and businesses to get their tax right.

The vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) will be required to keep digital VAT records and send returns using Making Tax Digital (MTD)-compatible software from April 2019. One of the reasons given for this move is that digital integration will eliminate many of the existing paper-based processes creating efficiencies and simplifying the whole process.

Ian Swain, Funding Manager at the Materials Processing Institute is running a free 2-hour workshop to help explain what MTD means to businesses, the workshop will cover:

• What is MTD?

• How will it affect my business and when?

• Can I still use a spreadsheet for my accounts?

• What do I need to do now to be compliant?

• How can I turn MTD into an opportunity for business improvement?

The workshop will also include an overview of the benefits of cloud-based accounting systems.

Access the registration page here

7 January 2019