Making Tax Digital
Platned Syngco Digitax is a unique plug-in created to assist any accounting System or Excel to integrate with HMRC to digitally submit VAT return as well as getting required information from HMRC relating your VAT account with ease.
What is MTD?
Making Tax Digital (MTD) is an initiative designed by the HMRC to make sure the UK tax system is effective, efficient and easier for taxpayers.
Making Tax Digital for business (MTDfb) begins on 1st April 2019 with MTD for VAT. There onwards, VAT-registered businesses above the threshold of £85000 will have to keep digital records and submit VAT returns using compatible software.
Other components of Making Tax Digital, such as income tax and corporation tax, have been placed on hold until April 2020 at the earliest.