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 and keep on top of their affairs - meaning the end of the annual tax return for millions.
As part of MTD, GP Practices registered for VAT with a taxable turnover above the VAT registration threshold of £85,000, will need to keep VAT records digitally and file their VAT returns using MTD compatible software. This will start from their first VAT period starting on or after 1 April 2019.
To help GP Practices get set for MTD, we've produced a free guide.
Or for advice tailored to your practice, email bb@moco.co.uk for more information.
