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 doesn’t shock me, I have been speaking with clients of other practices and they are just not pushing out MTD. WHY – could be resource, could be systems, could be time.
The government and HMRC didn’t help, as the private sector has been marketing much more than they have.
We chose Xero, best in the breed, and easy to use, easy to set up and easy to submit VAT returns.
My advice finds an accountant who embraces technology.