Making tax digital is now a reality

Making tax digital (MTD) is now law for all VAT registered businesses with turnover over £85,000. This new law requiring Digital record keeping and filing of VAT returns via the MTD portal came into force on the 1 April 2019. This means change for many businesses but...

What’s next for my business with Making Tax Digital?

  The new tax year is now in full swing. Whilst some may be focused on what the new tax year brings, there’s one thing is for certain – Making Tax Digital is here! Yes, we’ve been banging the MTD drum for quite some time now, and the reality is it’s come...

How does Making Tax Digital affect non-VAT-registered businesses?

With Making Tax Digital nearly upon us, it’s become crystal clear that HMRC’s initiative is the biggest change to digital record keeping how tax returns are filed in decades. And it doesn’t stop there. In our eyes, tax returns are merely the start of the changes MTD...

I’m already using Xero; how will Making Tax Digital affect me?

There’s a new kid arriving on the accounting block, and the deadline to get ready for is getting nearer and nearer! HMRC’s Making Tax Digital (MTD) is set to transform how businesses keep their records but even still, there’s several myths circulating about what it...

Do I really need Xero for Making Tax Digital?

There’s no doubt in our minds that Making Tax Digital is set to radically transform how business owners handle their finances. What was originally dubbed as “the death of the tax return” has become something far greater, and could even be described as the most...

Making tax digital for VAT guidance issued

HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software...