Getting Started with Making Tax Digital

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Making Tax Digital (MTD) is a hot topic around the United Kingdom at present.

 

The scheme has been designed to ensure that all UK based businesses are paying their taxes correctly, whilst also helping them keep their bookkeeping as tidy as possible at the same time.

 

Although the introduction of the scheme will aim to improve the lives of small businesses across the UK, it is one that may seem pretty substantial, and at times overwhelming.

 

In order to help give people a better understanding of Making Tax Digital, we've created a guide which is completely dedicated to self-employed or business owners like you. Some of the topics inside the guide include:

 
  • What is Making Tax Digital?

     
  • Why is Making Tax Digital Being Enforced?

     
  • What's the VAT Threshold for Making Tax Digital?

     
  • What are the Penalties for not Complying with Making Tax Digital?

     
  • What Business Owners Need to Do

     

Total read time: 10-15 minutes.

 

Feel like this guide could come in handy? Simply fill in the form on this page to download your very own FREE version.

Download your MTD Summary Guide