Working with your accountant in a post-MTD era

Working with your accountant in a post-MTD era Picture it. It’s tax deadline week, and you’re not stressed. You don’t have to rummage through boxes or filing cabinets looking for invoices or receipts. Everything is in hand, and you’re entirely relaxed. Is it all a...

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...

Does Your Accounts System Comply with MTD for VAT?

Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. On 18 December 2017, HMRC published draft legislation together with examples of how the business account records might...