MTD – Yes, you can keep your beloved spreadsheets if you want to

If you run a VAT-registered business with a taxable turnover above the VAT registration threshold (currently £85,000) you are required to keep digital business records and to file VAT returns with HMRC using software which is compatible with Making Tax Digital (MTD).

Countdown to Making Tax Digital

Most on-line accounting packages will allow you to keep the necessary records and file MTD VAT returns.   The on-line packages will also provide useful features to help with all sorts of issues, from business management and growth through to collaborative working and data security.

However, some people have grown very attached to spreadsheets and need nothing else to help them manage their business.  If you are one of these people and think that you need to move to an on-line accounting package, I’m pleased to tell you that you are mistaken.  We can help you stay in love with your spreadsheets.