The government has a vision to modernise the UK tax system with digital accounting eventually replacing tax returns for over 15 million individuals and small businesses.
Currently the VAT threshold is £ 85,000 turnover. Businesses that fall within this scope are required to submit their VAT returns electronically by using appropriate software. We provide this service.
HMRC specifically requires business accounting records to be kept in a digital format, with records being retained and kept safe for 6 years.