Future-proofing your practice for a world with Making Tax Digital

Welcome to a world with Making Tax Digital (MTD). You are officially operating in what HMRC aims to be the most digitally advanced, effective and efficient tax administrations in the world. The 1st of April has arrived but the transition to MTDfV filing is far from over.

The true impact of the change will be felt at the first VAT return submission. What should be top of mind for you is keeping digital records, reviewing your VAT clients and assessing your current processes to ensure they are fully compliant.

Once you have considered how you will make your first submission, have you considered the opportunities MTD has to offer your practice?  MTDfV will be a catalyst for new conversations with clients about new services. It is an opportunity to change how the cases are monitored and who files their VAT returns.

MTD Future-proofing your practice for a world with MTD

This article covers:

  • Your first VAT return submission and how to prepare for it
  • New conversations you could be having with your clients
  • Keeping choice at the heart of your MTDfV transition
  • New efficient ways to monitor VAT returns, irrespective of whether you or your client files them

With the deadline for MTDfV behind you, are you still unsure about the future of MTD for Income Tax? This is a must-read for anyone looking to future-proof their practice for a world with MTD. Download your copy today.

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