MAKING TAX DIGITAL

Making Tax Digital for VAT will be live from April 2019. Make the most of the opportunity for growth and embrace digitalisation with Wolters Kluwer’s CCH OneClick.

Making Tax Digital

Making Tax Digital (MTD) is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right. MTD is the most significant change to the UK tax system since the introduction of self-assessment.

The first phase of MTD goes live in April 2019 when VAT registered businesses will have to submit data directly to HMRC via compliant software.

With CCH OneClick, Wolters Kluwer has delivered a VAT Filing solution that allows you to maintain your current VAT processes.

Our Making Tax Digital site will help you and your practice truly embrace digitalisation and address the needs of clients and regulators alike.

How you can get ready for MTD

VAT Filing

Making Tax Digital: VAT Filing

From April 2019, the HMRC online interface will no longer be available to those over the VAT threshold. Currently only 13% of accountants use other tools to submit the relevant VAT data to HMRC. To comply with the MTD process or face non-compliance penalties, businesses with a turnover above the VAT threshold of £85,000 will need to embrace digitalisation.

Get up to speed with MTD VAT Filing.

Tax-VAT-Article
Tax-VAT-Article
Tax-VAT-Article
What is changing and the impact on the market Digital record keeping for VAT
Software choices for MTD for VAT
Income Tax
Income Tax

Making Tax Digital: Income Tax

MTD will fundamentally transform the accountancy industry. Accountants and their clients will need to prepare for the rollout of the second phase of MTD and for how certain tax actions will be fundamentally changed. From April 2020, businesses will be required to keep digital records and submit quarterly updates online to HMRC (subject to confirmation by the government).

Get up to speed with MTD Income Tax.

Digital Data
Digital Data

Making Tax Digital: Digital Data Collection

MTD will fundamentally transform the accountancy industry. Accountants and their clients will need to prepare for the rollout of the second phase of MTD and for how certain tax actions will be completely changed. From April 2020, businesses will be required to keep digital records and submit quarterly updates online to HMRC (subject to confirmation by the government).

Learn more about Digital Data Collection

Best Practice
Best Practice

Making Tax Digital: Best Practice

MTD will fundamentally change how your practice operates, how regularly you’ll need to collect data and how you’ll communicate with clients. MTD will require a new set of best practices that are MTD compliant. It is an opportunity to automate processes, improve efficiencies and enable practices to grow an advisory offering for their clients.

Find out more with our best practice resources.

News
News

Making Tax Digital: News and Events

We’ll keep you up to date on our take on the latest developments on MTD. Phil Thornton, Wolters Kluwer’s Making Tax Digital Senior Product Manager will be writing regularly on our blog site in the run up to next year’s launch and beyond. You can also check when our next MTD events will be hosted and how you can register.

VAT Filing

Making Tax Digital: VAT Filing 2

From April 2019, the HMRC online interface will no longer be available to those over the VAT threshold. Currently only 13% of accountants use other tools to submit the relevant VAT data to HMRC. To comply with the MTD process or face non-compliance penalties, businesses with a turnover above the VAT threshold of £85,000 will need to embrace digitalisation.

Get up to speed with MTD VAT Filing.

Tax-VAT-Article
Tax-VAT-Article
Tax-VAT-Article
What is changing and the impact on the market Digital record keeping for VAT
Software choices for MTD for VAT
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