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Making Tax Digital – what small businesses need to know
21 February 2022 @ 11:00 am - 12:00 pm GMT
Everything a business owner needs to know about Making Tax Digital (MTD) and what business owners need to do to get MTD compliant.
Get ready for Making Tax Digital with FSB
Making Tax Digital (MTD) is an HMRC initiative designed to help businesses and individuals correctly calculate their tax through a system that is more efficient, effective and simpler to use.
All VAT-registered businesses will need to report digital VAT records to HMRC through compatible software from 1 April 2022, regardless of turnover. If you are registered for VAT and your annual taxable turnover is above £85,000, you should already be using MTD compatible software.
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