MAKING TAX DIGITAL (MTD) – are you ready for it?
HMRC’s latest initiative is Making Tax Digital (MTD). Under this initiative, a significant number of barrister taxpayers will be required to move to a fully digital accounting system. There will be changes to VAT from April 2019, and income tax from 2020.
Do you know how MTD will affect you?
Self-employed barrister who don’t keep their financial records up to date will be affected the most.
Going forward, there are a number of options for you to consider. As specialist accountants to barristers, BarTax is ideally placed to help you decide which would work best for your personal circumstances.
Want to find out more?
Please feel free to call our MTD specialists on 01625 268482 for an informal chat about how to proceed. For four or more barristers, we are able to offer a FREE MTD presentation in your Chambers. Following the presentation, there will also be an opportunity to have a one-to-one consultation with one of our senior partners.