As only 57% of businesses have recently reported that they are ready for the Making Tax Digital (MTD) for VAT deadline, we want to ensure that small business owners are prepared for the future of accountancy. Essentially, the industry is in a period of transition where businesses with an annual turnover over the current VAT threshold of £85,000 (as of 2019/20) are required to digitalise their VAT accounts.
tax deadline
Although HMRC sends reminders to those who need to file their self-assessment tax return, not everyone meets this deadline. More than 30,000 taxpayers completed their tax return within the last hour on January 2018.
