ABOUT PRODUCTS NEWS & BLOG RESOURCES WEBINARS CONTACT REQUEST DEMO Making Tax Digital Tax Software for the Construction Industry Make your tax process more effective, efficient, and simple - without mistakes. In an effort to reduce errors and simplify taxes, the government is making fundamental changes to the tax system. These changes will help prevent mistakes that are estimated to cost HMRC more than £9 billion in lost tax every year. As the first step on that journey, starting April 2019, VAT registered businesses that have an annual turnover above the VAT threshold (£85,000) will be required to: Keep their records digitally (for VAT purposes only) Provide their VAT return information to HMRC every month or quarter using HMRC-approved, MTD-compatible software Store their VAT records digitally for six years Initially, these businesses have to submit monthly or quarterly VAT headline summary totals. In time, this requirement will likely expand to include all transactional data. More information is available at www.gov.uk – simply type ‘Making Tax Digital’ in the search box. REQUEST A DEMO RedSky Has A Solution For Construction Businesses RedSky has an in-depth understanding of the MTD requirements. We are an active member of the British Application Software Developers Association (BASDA) working group, which made an important contribution to the government’s lengthy MTD consultation process. We have developed functionality that allows our customers to record their MTD information in the correct format. Customers have an option to use a new API Submission module to submit VAT Returns to the government website. This painless process allows Redsky customers to complete taxes correctly, accurately, and quickly. Speak to one of our specialists today! EXPLORE REDSKY Products About RedSky News Contact CONTACT REDSKY Phone: +44 (0) 203 002 8600 Email: hello@redskyit.com CONTACT ME ABOUT THIS PAGE Contact Me sidebar If you are human, leave this field blank. Name Email CONTACT ME LATEST NEWS Hawkfield Homes chooses RedSky ERP NOVEMBER 17, 2021 RedSky ERP wins prestigious Hammers Award NOVEMBER 12, 2021 Project Connect will boost efficiency at WDL Homes OCTOBER 19, 2021 CONTACT US +44 (0) 203 002 8600 hello@redskyit.com Breakspear Park, Breakspear Way, Hemel Hempstead, Herts, HP2 4TZ PRIVACY Privacy Notice CUSTOMERS Login to Customer Portal Knowledge Base CONNECT LinkedIn Facebook Youtube Twitter EXPLORE Products About Contact © All rights reserved - RedSky - Part of the JDM Technology Group By continuing to use this website, you consent to the use of cookies in accordance with our Privacy Policy. ACCEPT undefined