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Making Tax Digital

HMRC aims to revolutionise the tax system and have a fully digitised system that will reduce their cost of managing your tax. This is known as Making Tax Digital (MTD). It will require business owners to use computer accounting software that can communicate directly with their computers.

The full MTD has been postponed. MTD for VAT Returns is required from April 2019 (only compulsory if your turnover is above 85k.)

ABC Accounts gives you digital accounting records and the ability to produce VAT Returns, and is approved by HMRC for Making Tax Digital (MTD).

Note: Accountancy magazines are full of articles suggesting this can be a money making bonanza for accountants, and explaining how to "scare" clients into going with subscription based Cloud services, or changing to "special" software. Ignore that -- ABC does everything you need in order to be HMRC compliant..