Samtax Accountants

Our tech-savvy working style support HMRC making tax digital (MTD) initiative. Digitizing the VAT return system will help to reduce the time businesses spend on their administration and bookkeeping in the long run, while making it easier for them to accurately calculate their VAT liability.

Making Tax Digital is intended to bring the UK tax system into the 21st century by providing businesses with a modern, streamlined system to keep their tax records and provide information to HM Revenue & Customs (HMRC).

The first to be affected will be SMEs and individuals with a turnover above the VAT threshold of £85,000, who will be required to keep digital records for VAT purposes from April 2019.