Are UK motor retailers ready for the digital tax submission deadline?

Businesses with an annual turnover of more than £85,000 must file VAT returns using the HMRC's new Making Tax Digital (MTD) platform by August 7 (Friday, July 26, if they pay by direct debit).

With just more than half of the 1.2 million qualifying businesses signed up by the start of July, and as many as 75% unregistered in some sectors, such as finance, AM wants to hear about your experiences of the MTD process.

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* 1. If your business was in the first cohort of organisations required to register for Making Tax Digital by August 7 / July 26, are you confident you will meet the deadline?

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* 2. Did your business find the transition to Making Tax Digital:

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* 3. Did HMRC give you sufficient advice and guidance to make the transition straightforward?

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* 4. Was your existing accounting software compatible with Making Tax Digital for VAT (MTDfV) or did you have to invest in an end-to-end VAT reporting solution?

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* 5. Do you believe that Making Tax Digital will deliver efficiencies and/or cost savings for your business in the long term?

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* 6. Please describe the main complications you have encountered in the transition to Making Tax Digital:

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