As part of HMRC’s Making Tax Digital initiative a key step is that VAT registered businesses in the UK keep digital records and submit their VAT returns digitally.
Some businesses are using software such as Quickbooks, Sage Xero or Kashflow to manage their VAT but there are many businesses that still use paper records.
We understand that this is a considerable change for businesses but we are here to assist you and advice you of what will be required to remain compliant and avoid penalties. We can assist you with the whole process from transaction entry to VAT return submission, identifying the areas of the process that may not meet the new requirements. We will work with you to discuss the options available to you to make your process compliant with Making Tax Digital.
If you are comfortable with your record keeping and VAT processes and you are only missing the ability to submit your returns via compatible software, we have bridging software available that can submit VAT returns to HMRC on your behalf.
Contact us now to discuss your making Tax Digital requirements
Require more information?
If you would like more information or would like to speak to us direct then call us on 01884 38290. Or if you would prefer, ask us a question online.