Making Tax Digital (“MTD”) is a new initiative from HMRC, aimed at making the UK’s tax system one of the most advanced digital tax administrations in the world. Initially to be introduced from April 2019, MTD is designed to make it easier for both businesses and individuals to pay the right tax – and to gain better visibility of what you owe throughout the year.
When growing your business you may well have taken on a Bookkeeper to help you do the accounts and manage your supplier payments and credit control, but grow the business a bit further and you will need to supplement the bookkeeping role with a services of an in-house accountant.
The main purpose of a VAT examination is to make sure that as a business your handling of the VAT is in line with current VAT laws and is as effective as attainable.Read More : https://taxlibrarian.wixsite.com/mysite