There are a huge number of small businesses in the UK that are totally unprepared for the change taking place next year. We want to make sure that none of them are in the music industry!
Our previous article on the subject is here: Most SMEs unprepared for Making Tax Digital
A quick headline, if it helps…
From 1 April 2019, HMRC are bringing in MTD for VAT registered businesses whose turnover exceeds the VAT threshold (£85k). Under MTD, businesses will be mandated to keep digital VAT records and send VAT returns using MTD compatible software.
Please call us on 01403 800500 if we can be of any support to MIA members!