MTD Readiness Review
RSM can help on your journey to MTD compliance. See how our readiness review can help you become MTD ready.
Making tax digital (MTD) is a HMRC initiative designed to ensure a more timely and accurate recording and submission of VAT returns.
MTD will affect all VAT registered businesses in the UK – those trading over the £85,000 VAT threshold, including: sole traders, owner managed businesses, charities and public sector bodies, and large corporations.
From April 2019 MTD will mean that these businesses will be required to submit VAT returns using MTD compliant software directly to HMRC’s own accounting software, effectively creating a digital link between the business and HMRC.
RSM can help on your journey to MTD compliance. See how our readiness review can help you become MTD ready.
There are many myths around MTD for VAT. You can read all about them and what you really need to know in our myth-busting fact sheet.
The transition to MTD represents one of the most fundamental changes to occur to the tax system.
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