Making Tax Digital is HMRC’s move to digitise tax. As from 1 April 2019, businesses with a turnover above £85k will have to submit VAT returns through the HMRC gateway using commercial accounting software.
If you currently have Sage 50 software you will need to check if your software is MTD Compliant and if the software is not MTD compliant then you will need to upgrade.
Please see below some information that will help you determine if the software is compliant.
Sage 50 Perpetual Customers (brought one off software packages or upgrades using Sage Cover / Support Cover)
|Sage 50 Perpetual (no Cover / support)||Not MTD ready|
|Sage 50 Perpetual (with Sage Cover)||Not MTD ready|
Sage 50 / 50C / 50 Cloud Subscriptions
|Sage 50 Subscriptions (all non 50C / 50 Cloud subscriptions taken out before Jan 2017)||Not MTD ready|
|Sage 50C / 50 Cloud Subscriptions||MTD ready release available now|
If you need to upgrade then contact us to discuss your options, we are able to offer additional discounts on sage 50 subscriptions. Contact us on 02920 549939 or email [email protected]
Tags: Making Tax Digital