Seminar – Making tax digital: is your business ready?


September 28, 2018|In KRW Insight|By Alex Beattie

With Making Tax Digital for VAT arriving in April 2019, we are holding a free seminar exploring the forthcoming changes and how your business will be affected.

Making Tax Digital (MTD) will see all businesses eventually submitting all of their tax and VAT information to HM Revenue & Customs quarterly using MTD-compliant software. While the start date for the quarterly Income and Corporation Tax reporting is yet to be confirmed, MTD for VAT will kick off in April 2019 for all VAT registered businesses with an annual turnover above the VAT threshold (currently £85,000 per annum). The changes for VAT will mean that submitting VAT returns using HMRC’s website will no longer be possible; all affected businesses will need to submit their VAT returns from MTD-compliant bookkeeping software, such as Xero. To ensure you are prepared for the changes, we are holding a short free seminar next month on two separate dates, at Xero’s Milton Keynes HQ:

Tueday 16 October 2018
9am for coffee
Seminar starts 9.30am

Tuesday 30 October 2018
4pm for coffee
seminar starts 4.30pm

Where:
Xero HQ
Bank House
171 Midsummer Boulevard
Milton Keynes
MK9 1EB

(Pay and display parking is available nearby) Places are limited, so if you’d like to come along, please contact Esme as soon as possible to reserve your place. We look forward to seeing you there. For more information on MTD or Xero, please contact Alex Beattie

Key Facts

  • Making Tax Digital (MTD) will see all businesses submitting tax/VAT info quarterly
  • MTD for VAT arrives first in April 2019 for all VAT registered businesses with turnover >£85k pa
  • Submitting VAT returns using HMRC’s website will no longer be possible for affected businesses
  • Dates for the introduction of MTD for Income and Corporation Tax are not yet confirmed
  • KRW are holding a free seminar to help you ensure your business is MTD-ready

For more information on MTD or Xero, please contact Alex Beattie

Alex Beattie

Director