A series of seminars on the importance of upcoming tax registration changes are set to be held at a number of our offices throughout the remainder of 2018.
Despite being just months away and having huge implications for businesses of all sizes, the Making Tax Digital initiative is still a mystery to some, prompting our decision to host a series of seminars for local businesses at our offices in Leamington, Nuneaton and Stratford Upon Avon.
We have a number of experts in the field who will be on hand to discuss the implications Making Tax Digital has on VAT, how to get up to speed with software requirements and all of the important dates for the process.
There will be three seminars held at our Leamington office, on October 16th between 10am and 11:30am, on November 19th between 2pm and 3:30pm and on December 18th between 10am and 11:30am.
The remaining seminars will be held at our Nuneaton Office on October 29th and Stratford office on November 19th, both between 10am and 11:30am.
From April 2019 the first set of changes will impact VAT reporting by all VAT registered businesses and organisations with turnover above the VAT threshold.
Sean Farnell, partner at Burgis & Bullock, said: “Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – ultimately paving the way to the end of the annual tax return for millions of businesses and individuals.
“Businesses are advised that with the deadline rapidly approaching, they should start reviewing their current systems as soon as possible to make sure they have enough time to make any necessary changes.
“In addition, they should also consider precisely what data they will have to share with HMRC as part of this new process and the quality of that data.
“Whilst MTD will be a challenge for many, businesses that look beyond the initial confusion to the opportunities that can derive from cloud based solutions and go into the process with an open mind will undoubtedly be better as a result.”