In April 2019 one of the largest changes to the UK tax system will come into force. Some key points...
· No more annual tax returns
· You will need to submit your business's figures using software that has been updated to support the new scheme
· Tax updates will happen in 'real-time'
· Financial Penalties will be issued for non-compliance
Therefore it’s time to ditch the spreadsheets for recording financial data or hanging onto that old version of Sage or server operating system that supports your old accounting software.
To discuss how Midland Computers can assist in ensuring your IT network is ready for the Making Tax Digital scheme please get in touch.