If a business is above the VAT threshold (currently £85,000) it will be required and responsible for maintaining digital records for VAT purposes.
From 1 April 2019, affected businesses will no longer be able to use the Government Gateway website. Instead, they will have to submit their VAT returns via MTD-compliant software. They will also need to maintain their records digitally.
Some companies/sole traders, etc. might be under the impression that if they have an accountant, they do not need to do anything as MTD will be their accountant’s responsibility; however, this not the case.
With the start of MTD less than five months away, the Reepham Chamber of Commerce event will feature a qualified accountant who will help guide businesses and organisations through the steps they need to take to prepare for the change.
The meeting will be held at 6 pm on Tuesday 27 November at Reepham College, Whitwell Road, Reepham, and is open to all local businesses, whether they are a Chamber member or not.
To book your place at this free event or for further information, contact Judy Holland on 01603 308158 or email
See our earlier story: