Reminder for all companies ahead of MTD 10th November 2017 The MTD machine is moving along and the starting date of April 2019 draws ever closer and closer. We have been working with our clients to ensure that those VAT registered (in particular) with a turnover over the VAT threshold are implementing any changes required sooner rather than later so that any teething problems can be ironed out before the changes become mandatory. The latest date in the diary occurred today – the Consultation period for the proposed secondary and tertiary legislation for Making Tax Digital closed today. Included in the various documents are the requirements for businesses to keep digital accounting records and make quarterly submissions, along with definitions of what is expected in terms of ‘digital records’ and specifically what information will need to be included in the electronic submissions. We have become aware that one group of businesses in particular seem unaware that they will be drawn into the MTD net in April 2019, namely those trading as a company. It is imperative that all businesses, whether incorporated or not, are aware of the date that their obligations within MTD start so that they can prepare for the changes ahead.