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FreeAgent

HMRC and FreeAgent: practical tips to help you get ready for the next phase of Making Tax Digital

Recorded on 2nd December 2020

In this webinar HMRC, Galloways Accounting and FreeAgent discuss Making Tax Digital (MTD), HMRC’s initiative to transform the UK’s tax administration system.

During the first phase of the initiative, MTD was introduced for all UK businesses with VATable sales above the VAT threshold. Now it’s time to prepare for the next phase of MTD, which will include all UK businesses with VATable sales below the VAT threshold. This webinar provides useful tips from HMRC, Galloways Accounting and FreeAgent to help you get your practice and clients ready for the transition.

The webinar is hosted by Lenny Barry and Govinder Saimbhi from HMRC, Alex Kipp, Head of Cloud at Galloways Accounting and George Grigolava, Group Product Manager at FreeAgent.

The webinar covers:

  • a recap of the MTD journey so far
  • how to prepare your practice and clients for the next phase of MTD for VAT in 2022
  • the introduction of MTD for Income Tax in 2023
  • how to advise your small business clients about these upcoming changes

Watching this webinar is likely to count towards your CPD. Check with your industry body for more information.

Looking for more help? We’re offering a free 30-minute Making Tax Digital consultation for accountants and bookkeepers with our in-house experts. Book your consultation here.