Making Tax Digital
All VAT registered businesses now need to be filing VAT returns each quarter under Making Tax Digital.
This will mean you need to have an appropriate software package in place by 1st April 2022.
We recommend Xero, Freeagent or Kashflow.
We can offer training on your software.
You will also need to ensure you are signed up to Making Tax Digital with HMRC.
All sole trader businesses and rental businesses with a turnover more than £10,000 will also need to be registered for Making Tax Digital by 1st April 2024. We are recommending businesses prepare and don’t leave this change to the last minute.
If you have any queries please don’t hesitate to contact the office on 01530 414 285.