What is Making Tax Digital? | Applied

What is Making Tax Digital?

Making Tax Digital (MTD) is a new government initiative designed to help simplyfy tax submissions. Under MTD, businesses will be required to keep records digitally and make a quarterly return of data to HMRC.

From April 2019 businesses with annual sales over the VAT threshold of £85,000 should use digital tools to keep records of income and costs. @PegasusSoftware are committed to ensuring that #Opera 3 software will be fully compliant with the new MTD requirements.

You can find out more about what Making Tax Digital will mean for your business here. #MakingTaxDigital #mtd #opera3

Useful Links: https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital (Source: gov.uk)