As a small business owner, you will know that all Vat Returns have been digital, i.e. online, for some time. But you may not realise that HMRC’s plans do not stop there. In under a year, you will have a very different set of requirements to fulfil.
Phase One of the new Make Tax Digital process comes in as early as April 2019. So start planning in this tax year, for the changes to come in the next.
Making Tax Digital – the implications
The authorities now intend to more or less make it mandatory for you to buy or