HM Revenue & Customs (HMRC) has decided that all tax systems in the UK will need to be 100% digital by 2020.
The news comes as part of a £1.3billion project dubbed ‘Making Tax Digital (MTD)’ which, simply put, is the most significant change to tax filing made by the Government in a generation.
All businesses and self-employed taxpayers with an annual turnover of £10,000 or more are required to register, file, pay, and update their information online under MTD proposals.
Fortunately, The Fish Partnership are here to help.
Digital Tax Accounts: How can we help?
For most, Making Tax Digital (MTD) is compulsory, and The Fish Partnership understand that busy British businesses and self-employed taxpayers will want to go digital, quickly, easily and with minimum hassle.
HMRC has promised to make the changeover to online tax accounts as smooth as possible, but The Fish Partnership believe that it is important to be one step ahead of the game, and not get left behind.
Which is why we are inviting you to sign up to our online accounting solutions – the perfect answer to the MTD situation.
By signing up today, you can set up an online account, and enjoy the benefits of quickly and effectively managing your finances on the move, as and when it suits you.
Better still, our specialist tax advisers will be on hand, should any issues, queries or tax uncertainties arise.
For more information about our online accounting solutions, please click here.