To ensure the UK tax system is efficient and effective, HMRC have introduced an initiative called Making Tax Digital. The initiative makes it compulsory for VAT-registered businesses that earn more than £85k to preserve records and submit VAT returns digitally. They must do this using a HMRC-recognised software.

Vatax Accountants can help familiarise you with the software needed to make your business’s tax digital and smooth out the otherwise stressful process of dealing with VAT returns.