Making Tax Digital
Welcome to our Making Tax Digital Hub, where you’ll find relevant information, analysis and practical guidance based on what we know about Making Tax Digital.
After the surprising outcome of last year’s General Election, and concerns raised by us and other members of the professional services community, the Government scaled back and delayed its initial ambitions for Making Tax Digital.
Whilst businesses were given some breathing space, however, Making Tax Digital will become a reality and businesses do need to continue to prepare.
Businesses and other organisations with a turnover above the VAT threshold will need to maintain digital records for VAT purposes, and to submit their VAT return information directly to HMRC, from 2019. The need to submit quarterly information for income tax and corporation tax purposes is expected to follow.
Click on the boxes below to explore insights, commentary and advice on how Kingston Smith can help you prepare for Making Tax Digital.