What is Making Tax Digital?
From April 2019, businesses with a turnover higher than £85k must submit VAT returns through the HMRC gateway using commercial accounting software, such as Sage 50.
"As part of MTD, businesses 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." - Source HMRC - www.gov.uk
MTD for Customers using Sage 50 Accounts v24, v25 or v26
If you're an existing Sage customer and you want more information about MTD, please click below for details of the new Sage MTD module.
MTD for customers using Sage 50 version 23 or older
If you're an existing Sage customer and have an older version of Sage 50, you will need to upgrade your software and order the new Sage MTD Module in order to submit your VAT returns from your Sage 50 Software from April 2019. Please click below for details.
Preparing for MTD
Sage expert Tom Ritchie discusses Making Tax Digital and how it works.