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Thursday 20th February
Location Mintworks, 124 Highgate, Kendal LA 9 4HE
Making Tax Digital
We will be joined by Alison Johnson from Dodd & Co Chartered Accountants to explain Making Tax Digital (MTD).
MTD is a UK government initiative whose main aim is to make tax administration more effective, more efficient and simpler for taxpayers. Under MTD, taxpayers (us) will send HMRC summaries of their income and expenditure at least four times a year. HMRC says this will enable a more ongoing and accurate projection of tax due, as opposed to the current system of one tax bill at the end of the year. To do this, taxpayers will need to integrate their accounts with software.