Make Tax Digital starts April 2019, or does it?

December 14th, 2018  |  Published in Uncategorized

You may have read about this,I think HMRC and the Government were sold some magic beans by the software companies, and had a fantasy where you would take a photo of your invoices with your smartphone,and software would do the rest. Accountants have been telling them for a long time that it’s not that simple, and lots will go wrong as the software can’t distinguish for example between revenue and capital spending, and some of my clients have never used a smartphone or a computer.

In the real world, I can see us having to do a lot of it on behalf of clients, many of whom have better things to do than learn how to become digital accountants, but where you made one submission a year to HMRC, now there will be at least 4!

I’m afraid they are all over the place with this, and deadlines have come and gone. Software is thin on the ground, as is information.

At present if you are trading over the VAT limit the digital era starts April 2019, but I’ll believe it when I see it.

If it affects you, ring me for advice.

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