Frequently Asked Question

No.

Under the new Making Tax Digital (MTD) regulations you must keep your accounting records digitally (ie: on computer – accounting system or spreadsheet) and connect to HMRC via MTD compatible Bridging Software (ie: API – Application Programming Interface) such as The Tax Kit’s VAT Bridging App.

As before, you must keep copies of your invoices or receipts and these can be either paper originals or electronic copies – that’s up to you.

But all the accounting entries must now be on computer – you can no longer write them into a book manually.