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Half of businesses not MTD ready, according to report

by Colin McNally in Articles

Half of businesses not MTD ready, according to report

Despite increased awareness of MTD regulations, 50% of businesses are still not ready for MTD, with 30% still in the planning stage and 20% yet to begin preparations, according to a new report by Tax Systems

This is noted from Accountancy Age; 

It doesnt shock me, I have been spekaing with clients of other precatices and they are just not pushing out MTD. WHy - could be respource, could be systems, could be time.

The government and HMRC didnt help, as the private sector have been marketing much more than thye have.

We chose xero, best in breed, and easy to use, easy to set up and easy to submit VAT returns. 

My advice find an accountant who embraces technology. 

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