HMRC’s Making tax digital program is being rolled out from April 2019 and will over the coming years require all businesses and individuals to submit electronic accounts. This will enable HMRC and ultimately the business to have a real time assessment of the tax due, helping to reduce errors and streamline payments.

The roll out in April 2019 will affect over 2.6 million business in 2019 and recent research shows that only 25% have made any preparations for its roll out. This workshop will take you through what the changes mean for you and discuss when it will affect your business. We will look at what you need to do you comply with the new regulations and what software is available to help. It will look at your existing provision whether this be paper or electronic and help you prepare for the roll out with little or no disruption to your business.

• Keeping records, and what makes proper accounts for a small business

• HMRC plans for digital services

• MTD compliant software

• Future developments

Who should attend:

Anyone who is currently running a business in the GBSLEP area and wishes to understand more about HMRC’s Making Tax digital program. We welcome those who would like to meet like-minded individuals to discuss business issues, make new connections and learn new things in this relaxed and informal setting.