Making Tax Digital Services
Making Tax Digital
Making Tax Digital (MTD) begins from the 1st April 2019 for businesses who are both VAT registered and have an annual turnover of more than £85,000.
As from this date businesses who meet both of the above criteria will have to keep digital accounting records and submit VAT Returns using compatible software such as Xero.
We are able to provide training for clients who wish to prepare their accounts on a digital software platform, whilst we also offer a full bookkeeping service for clients who do not wish to use computer software for their accounts and instead devote their time to running and developing their businesses.
Making Tax Digital will in time be implemented for income tax and corporation tax for businesses with a turnover as small as £10,000.
At present this has been delayed until at least April 2020 and we will keep our clients updated as to if and when their reporting obligations are to change.
If you would like to discuss how we can prepare your business for the Making Tax Digital changes then get in touch here with us.
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9 Oakwood Rise
01792 – 346222