Businesses aren’t prepared for Making Tax Digital, MHA Chiks online survey reveals
In a recent online survey conducted by MHA Chiks, Chartered Accountants and Business advisers, 58% of business owners and professionals said that they did not feel ready for Making Tax Digital.
The new regulation around the digitalisation of tax will affect businesses with turnover above the VAT threshold (£85,000) from April 2019. These affected businesses must ensure that the software they are using to file their returns is Making Tax Digital compatible.
With only seven months left to prepare for the new regime, MHA Chiks strongly advises businesses to begin seeking professional advice and support so that they are prepared for the change.
MHA Chiks have provided an array of free resources for those who feel unprepared for Making Tax Digital.
- Short video series – please click here.
- Information for individuals in regard to Making Tax Digital – please click here
- Making Tax Digital and Small businesses and landlords fact sheet – please click here.
- Information regarding Making Tax Digital and the VAT Digital Changes that are ahead – please click here.