MTD will fundamentally change how your practice operates, how regularly you’ll need to collect data and how you’ll communicate with your clients.
MTD will require a new set of best practices that are MTD compliant which you will need to communicate to your customers. It is an opportunity to automate processes, improve efficiencies as well as grow an advisory offering for your clients.
Develop a communication plan ahead of MTD for VAT
Start your communication plan by segmenting your clients. Start with those who will be impacted by the first phase of MTD.
The transition to MTD for VAT will inevitably mean changes to how you and your clients will work together and how you’ll monitor the relevant financial data.
Now that you have a clear vision of what changes you will need to adopt, the time to embrace the changes to MTD for VAT is now. Download this checklist and transition plan to help you through your programme to digitalisation.