Making Tax Digital London - Can Help You Understand & Adopt the Digitalisation by HMRC

WEMBLEY, U.K. - Sept. 4, 2019 - PRLog -- If you are a business owner or a landlord with the annual turnover above the VAT threshold, then here's a news that you cannot afford to miss. With the intention to digitalise the UK tax system, the HM Revenue and Customs (HMRC) have introduced Making Tax Digital (MTD). With the introduction of Making Tax Digital (MTD), the sole objective of HMRC is that everyone should have a digital tax account that is regularly updated and the respective taxpayer can keep the track of their affairs.

So, if your VAT turnover threshold is £85,000 or above, then you have to understand and adopt MTD as soon as possible. But, just like other citizens in the United Kingdom, if you are too amazed and don't know from where to start, then professional help is here. Affinity Associates is a London based accounting firm, and is here with the team of experienced accountants to help you understand and adopt MTD and file the tax return before the deadline. To know more about Affinity Associates and how they can help you with MTD, please visit their official website https://www.affinityassociates.com.

With more than 40 years of experience, Affinity Associates is one of the most reputed accounting firms in London that loves to stay updated with the changing trends in the UK tax system. Affinity Associates is one of the early adopters of Making Tax Digital initiative by the HMRC, UK. They will be addressing the likely challenges put forward by MTD – especially in making your business MTD ready – but also the opportunities that it presents through better real time information and helping you plan for the way ahead. Affinity Associates can help you with;

·         Keeping your records in a digital format as required by MTD

·         Creating a VAT return from the digital records in MTD compatible software and offer HMRC with this information digitally

·         Receiving information from HMRC via the API platform in relation to your business's compliance with obligations under the new regulations

And, More…

You can contact Affinity Associates at info@affinityassociates.com or dial +44-020-8903-2077 (London).