From April 2019, the latest HMRC initiative ‘Making Tax Digital’ will be mandated for businesses operating in the UK, with a further deadline of October 2019 to include public sector organisations including government departments, NHS Trusts, local authorities and public corporations.
'Making Tax Digital' is a fundamental shift to the way the tax system works – transforming the way tax is processed so that businesses and organisations will be a part of one of the most digitally advanced tax administrations in the world.
Despite such an important transition to the way that businesses and organisations will be working, HMRC will not be offering software products to support this digital transformation. As a result, finance teams nationally will need to adapt their existing platforms and ways of working to be ready for this change throughout 2019.
Capita Integrated Business Solutions recently ran a short webinar explaining 'Making Tax Digital with Integra', giving a short overview and demo of our latest Integra module, showcasing how the HMRC recognised, fully integrated, and custom built Making Tax Digital module is designed to support organisations in their transition to a new digital tax world.
To view a recording of the MTD webinar please register your interest here.