Making Tax Digital (MTD)
A tax return is a form on which you must give details of your income and expenses. The tax return is then used to calculate the amount of tax that you are due to pay.
For Making Tax Digital (MTD) Govt of UK Pass the Law that UK business will need to store digital records and submit updates to HMRC using recognized accounting software. MoneyPex HMRC Recognized Bookkeeping Software. It will help you run your business to increased profits with MoneyPex features like order entry, invoicing, expense, reporting, back reconciliation functions. Try today free signup for 30 Days Trial.
Advantages to Filing Your Tax Return Online with MoneyPex
There are several advantages to filing your tax return online. For example:
• Your tax is worked out automatically as you complete the form so you know what you owe or are owed
• Online tax returns are processed faster
• You get an immediate online acknowledgement as soon as the Inland Revenue receives your completed tax return
• Filing online is convenient and can be done at any time of day or night