Making Tax Digital is a key part of the government’s Tax Administration Strategy. It will help reduce the tax gap by requiring businesses and individuals to:
keep digital records
use software that works with Making Tax Digital
submit updates every quarter, bringing the tax system closer to real-time
This requires digital accounting software, up-to-date bookkeeping and timely submissions.
At Surrey Accountancy Limited we are on hand to guide, teach and implement everything needed to get you and your business digital and compliant.
To discuss how to digitalise your tax records, contact us today.