Something here at Elsburys we are incredibly proud of is the amount of new businesses we have helped get started and remain clients of ours to this day. Having a practice with 30 years trading history in the books is something of real value to us and we are always happy to share that advice with any entrepreneur who is looking to get started.
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Making Tax Digital, or more commonly known as MTD, is the first step by the Inland Revenue to make all tax related returns digital. This first, and so far, only new introduction is related to VAT, and is applicable to all VAT registered companies in the UK that turnover in excess of £85,000 per annum, the threshold for being VAT registered.
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