Making Tax Digital is the UK governments push to get eveery business to deal with their tax affairs digitally.
Initially, this means VAT registered businesses who can no longer file their VAT manually, nor can they rely on HMRC website.
Ideally, they show have software that they maintain accounts on, which files directly to HMRC.
If you have an accountant who does everything, that should be ok for now.
Hello,
My accountant does all my Vat submission so I don't understand what is Making Tax digital.
Could you explain it in a few sentences, please? and why I may need this app.
Heh, OP's comments history is 3 entries long, 2 of them are comments on his own submissions for similar apps (related to invoicing, a video and a link to the Android app store), but both links lead to deleted content.
Its a fact that the Android version is currently un available. The arrival of MTD mandated a massive redesign, and having gained zero traction on the Android platform, I decided to focus on Apple IOS where traction for my other APPS is 10 X the equivalent on Android.
This is a BETA, once the bugs are ironed out, and the GUI is finalised, and there is a full release on APpp store, work will resume on the Android version which will be a direct port of the IOS version
MTD is a project by the UK tax office that means they no longer provide a way to submit VAT returns manually and you need to use an app that interacts with their API.
Wasn't it digital before? By saying manually, wouldn't people just use HMRC's website to submit VAT information. Which I understand will be deprecated now?
Making Tax Digital is the UK governments push to get eveery business to deal with their tax affairs digitally. Initially, this means VAT registered businesses who can no longer file their VAT manually, nor can they rely on HMRC website.
Ideally, they show have software that they maintain accounts on, which files directly to HMRC.
If you have an accountant who does everything, that should be ok for now.
Read https://www.gov.uk/government/publications/making-tax-digita...