With the HMRC movement towards a more digital tax system, this has brought many changes to the way that tax returns need to be submitted to HMRC. We have already helped our VAT registered clients through the change into the Making Tax Digital (MTD) system and this transition has been smooth and enlightening.
If your business is VAT registered, we will ensure that your reporting stays compliant with HMRC’s requirements under MTD. Our regular connection with you means that we reduce the risk of late filing and potential penalties.
If your business is VAT registered but you still aren’t finding a smooth way of preparing and filing your VAT returns, look no further – we will find a solution to meet the Making Tax Digital requirements that works for you and improves your accounting functions.
Our prompt bookkeeping service, and staying in touch regularly with queries, will ensure that we can file your VAT returns promptly and provide good time between advising you of the VAT liabilities before the VAT payment due dates.
Making Tax Digital and other taxes
As we also now move towards HMRC’s Making Tax Digital system for other taxes, such as personal tax from April 2024, we are regularly updating our clients in relation to the requirements and what this means for them.
If you are a self-employed business or you have a rental business, we can help you integrate your record keeping system towards the requirements of Making Tax Digital by April 2024.
Please don’t hesitate to get in touch for a review of your business and some recommendations.
