Our Thanks to Julie Butler and her team – Butler & Co Chartered Accountants for their informative talk on Making Tax Digital as one of our Chamber chats for our members.
They are working hard to make sure their clients are up to speed with developments and they certainly opened our members eyes to the new requirements
Making Tax Digital for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold (>£85k) to keep records in digital form and file their VAT Returns using software from April 2019.
HMRC latest update https://bit.ly/2OsPLSQ
Hampshire Chamber of Commerce stated in June that only 24% of businesses are aware of MTD https://bit.ly/2xs5kCS