Making Tax Digital

Are you doing taxes digitally? If not, we can help.

The statistics are that 89% of businesses nationally keep their records on Excel and submit their VAT returns manually through the Government Gateway.

From 1 April 2019, this is all going to change – businesses will HAVE to submit their VAT returns through a piece of accounting software. Essentially VAT registered businesses are being forced to move from Excel to an accounting package.

And if you are not VAT registered, don't think MTD does not apply to you! From 1 April 2020, all sole traders, partnerships and landlords (VAT registered or not) will have to file QUARTERLY tax returns!! If you are company you won't have to file quarterly returns just yet but it is coming!

MTD will affect EVERY business!!

From 1 April 2019 businesses will HAVE to submit their VAT returns through a piece of accounting software.

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We can help you chose which accounting package is best for you – there are lots of options out there, and we've seen them all so we know what will suit you best!
We can help set up the accounting package for you.
We can train you on how to use the accounting package as well.
And if that is all too much for you, we can do the bookkeeping and VAT returns for you!

Once you've digitised your accounting records, we can also do the following for you from 1 April 2020:

Prepare or review your quarterly accounts and put through the normal year end adjustments so that the quarterly tax return is close to the year end return, thereby minimising the likelihood of a tax enquiry.
Submit your quarterly tax returns to HMRC.

Are you doing taxes digitally? If not, we can help.

Here’s how we can help you Making Tax Digital

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