Recorded on 2nd December 2020
This webinar was recorded before the September 2021 announcement
that the government will postpone the introduction of MTD for ITSA until April 2024.
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 Self Assessment in 2024
- 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.