What is Making Tax Digital?
Making Tax Digital is HMRC’s move to digitise tax. From April 2019, VAT registered businesses with a taxable turnover above £85k will have to submit VAT returns through the HMRC gateway using functional compatible software. 89% of those businesses who submit today, will change the way they process tax. If you're going to be impacted you can get everything you need here on our MTD resource hub.
What Making Tax Digital means to you?
Recent research has shown that moving to digital accounting software saves small-medium sized businesses £17,000 annually.
Digitising tax is a good thing. You'll no longer have to provide the same details twice. You'll get a real-time view of your tax so you're not taken by surprise when bills come in. Having all of your tax details in the one place makes everything simpler. No matter how you choose to work, all Sage solutions are packed with innovative technology that unlocks the power of the cloud so you'll be MTD compliant.
Are you ready for the big change?