Thursday, 17 November 2016

HMRC fully paperless by 2020! What do you need to know?

Book your Free Online Demo of PaperLess Document Management for SageHMRC report “Making tax digital” predicts that by 2020 all tax payers will be able to everything related to their taxes, whether it is to register, pay, etc. whenever they want since everything will be fully digital. A major change to UK tax system making the entire process faster, more accurate and efficient than any tax system based on paper allows.
HMRC vision is to transform the current tax system into a fully digital and real-time system. Something that is in line with HMRC current policy on how tax payers should keep their tax records, stressing that tax payers do not need to keep a paper copy of the original documents, they can keep them on paper, digitally or as part of a software program (like bookkeeping software).

Check here what HMRC has to say about Digital Record Keeping

Click here to see how to process your invoices digitally

In fact in HMRC website, tax payers can find the HRMC Record Keeping Software Providers List, which presents to users a number of software suppliers that have produced simple record keeping applications to help accounting professionals manage their documents and, in the case of PaperLess software, to have those documents directly linked to transactions in Sage 50 Accounts, Sage 200 Business Suite and Sage 200 Extra Online.
Yes, HMRC is going digital so find out how you can also go paperless with PaperLess Document Management for Sage or simply take a look at the video below.
What our clients say about PaperLess
Scott Gibson Eventura’s Consultancy Director
Colin Mayrs, Blair’s Caravans Managing Director
Kurt Roberts, ACCA MAAT Management Accountant for CPL Training Group Limited
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