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Making Tax Digital- What Does It Mean For Your Business?

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With only nine months to go until Making Tax Digital takes effect, businesses are on a final countdown to comply with the new digital tax initiative. Are you ready to start keeping digital records of your accounts?

Making Tax Digital ('MTD') for VAT is intended to make the UK tax system more effective and efficient and will bring about major changes to affected businesses.

As part of the changes, businesses that are VAT registered and trading over the VAT registration limit on 1 April 2019 will be required to comply with new digital regulations.

Under the new rules, businesses must keep their VAT records digitally and submit their VAT return to HMRC through MTD compatible software.

It is vital that all affected businesses are aware of their obligations relating to these changes and what systems need to be put in place and by when.

To assist you, PM+M is hosting a free to attend seminar covering the following:

• Overview of Making Tax Digital
• Making Tax Digital for VAT
• What this means for business and how we can help you
• Compatible software
• Digital records and Auto Entry
• Timelines
• Exemptions
• The action that you need to take now

There will also be an opportunity to have a demo of some cloud software once the seminar concludes.

The seminar is intended to be informative, informal and there will be time allocated for an open forum. If you think you that you will be affected by the changes then planning is key to ensure that you will be ready by the 1 April 2019 deadline.

Co-ordinator: Darren Grantham
Co-ordinator email:
Co-ordinator phone:~356433
Type: Networking
Start: Tuesday 11 Sep 2018
Time: 08:00 - 10:00

East Lancashire Chamber of Commerce & Industry
Red Rose Court
Clayton Business Park
BB5 5JR [View map]

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