Regulations have now been issued which set out the requirements for MTD for VAT. Under the new rules, businesses with a turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software.
We’re really pleased to welcome Shaun Freeman who joins us as a trainee accountant whilst studying towards his ACCA. He likes to keep fit and is currently looking into joining a local basketball team so if you can help then please let us know. If you spot him wearing a multicoloured shirt, then he’d also like you to let him know!