Making Tax Digital – VAT Accounting For Law Firms
LAWFUSION’s MTD Functionality Is Recognised By HMRC
As part of the HMRC’s drive to become one of the of the most digitally advanced tax adminstrations in the world, the ‘Making Tax Digital’ programme is making fundamental changes to the way the tax system in this country works. As part of HMRC’s plans VAT-registered law firms with a taxable turnover above the VAT threshold are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT Returns. This came into force on 1 April 2019, and Select Legal Systems Limited, the authors of LAWFUSION, worked closely with HMRC and law firms in the run up to this deadline to ensure the software delivered the relevant functionality well ahead of the deadline.