How does Making Tax Digital for VAT affect you

HMRC have release this short video regarding Making Tax Digital for VAT (MTD) and how it will affect businesses with taxable turnover over £85,000.

To ensure you are ready to keep and file your VAT returns electornically starting from April 2019, we advise to set up your systems in advance. We are huge fans of Xero online accounting package which is MTD ready. Start this January and you will have enough time to get used to software and test it.