The government’s Making Tax Digital (MTD) initiative aims to establish a ‘clear and readily available tax system designed for the digital era.’

Starting from April 1st, 2019, businesses are required to maintain digital records and submit VAT returns through Making Tax Digital (MTD) compliant software for any VAT period starting on or after this date. 

Zentax Accountants can help ensure your business meets these obligations by accurately managing and submitting all necessary data on time. This allows you to focus on your core operations with no trouble dealing with administrative tasks.

If your business exceeds the VAT threshold of £85,000 in annual turnover, compliance with this legislation is mandatory. By entrusting Zentax Accountants with your MTD requirements, you’ll benefit from more precise digital tax and better accounting management. This can give you clearer insights into your tax responsibilities and early reminders of upcoming deadlines.

We will guide you in selecting the right software tailored to your business needs, ensuring full compliance with MTD regulations, and keeping you informed of any future updates to these requirements.

Moreover, as MTD becomes a broader initiative, businesses will eventually need to comply with digital reporting for income tax and corporation tax as well. 

Zentax Accountants is here to keep you ahead of these changes, ensuring that your systems remain up to date and compliant. We will streamline your digital tax reporting, reduce the risk of errors, and help you stay on top of your obligations, allowing you to focus on growing your business with confidence. 

Let us take the complexity out of MTD and provide you with a seamless, worry-free solution.