What is HMRC’s Making Tax Digital initiative and how will it affect your business?
From the 1st April 2019 tax management is changing for UK's businesses. Many VAT-registered businesses with a taxable turnover above the VAT threshold will be required to follow the Making Tax Digital initiative and keep records digitally using software to submit their VAT returns.
Making Tax Digital is a key part of the government’s plans to make it easier for businesses to keep on top of their finances by making fundamental changes to the way the tax system works so that it is:
- More effective
- More efficient
- Easier for taxpayers to get their tax right
Everybody wants to get their tax right but the latest figures show that many businesses find this hard. The improved accuracy that digital records provide, along with the help built into many software products means that when that information is sent directly to HMRC from the digital records the possibility of errors occurring is avoided or reduced.
Join us at this workshop to learn why digital tax management is becoming mandatory and make it work for you before the deadline.
By the end of this workshop you will:
- Learn why digital tax management is becoming mandatory
- Understand expectations of HMRC
- Know who will be required to complete the work
- See where you can get advice
- Have an understanding about what you will need to have in place when MTD starts for you
- Hear what HMRC can do for non-compliance
Date: Tuesday 5th March 2019 9.00am to 12.30pm (Refreshments Provided)
Venue: Essex Chambers of Commerce. 34a Star Lane, Great Wakering, Essex SS3 0FF
Cost to attend: £40.00 + VAT Members and £75.00 + VAT Non-Members
9.00am – Registration
9.30am – Workshop begins
10.30 – Refreshments
12.30 - Finish