2020: What next for MTD?
Following the first phase launch of UK Making Tax Digital filings for over 1 million businesses, the rules and penalties are being tightened from 1 April 2020.
Businesses not following the digital rules will be liable to penalties from HMRC. The likely means further software upgrades. Avalara will explain the changes coming from 1 April 2020, and what issues business should start thinking about to be ready. You will hear about:
- How the program has gone to date
- What changes are coming from 1 April 2020:
- Digital recordkeeping
- Digital journey
- Penalty regime
- What you need to do to ensure you are ready
- Are you eligible for a 'Digital Journey Extension'?
- How Avalara can help
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.