Accountants warn retailers ‘not ready’ for digital tax
22 April 2019
A leading accountancy firm is warning that many auto retailers lack the IT software to comply with HMRC’s Make Tax Digital programme which started this month. They say some DMS providers still cannot supply viable systems.
The accountants say the true picture won’t become clear until the first returns for the quarter ending June, which must be filed by August 7, but warn that many dealerships are unprepared.
Glyn Edwards, VAT director at MHA Macintyre Hudson, said: “Some DMS providers are not ready, I’ve even heard one say it is a work in progress! The first quarter returns to the end of June will be the acid test and these must be submitted by August 7 but we fear there may be many who will struggle because the software simply isn’t ready.”