Making Tax Digital for ALL VAT Registered Businesses
Are you using spreadsheets or other manual records to prepare your VAT return? Then you will need to consider ways to replace the existing process with a software driven approach for recording VAT details and filing VAT returns.
Since April 2019, VAT registered businesses with a turnover above the VAT threshold need to keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software. MTD requires you to use software for everyday accounting and asks you to keep digital accounting records.
From April 2022, these requirements will apply to all VAT registered businesses, including those with a turnover below the VAT threshold.
How do I change to MTD?
If you would like more information on MTD for VAT, then our expert team are on hand to guide you through the switch. We are partnered with Sage, Xero and QuickBooks and are here to help make the change as seamless as possible, ANY Accounting will discuss with you the different options that are available, depending on your business needs.
We offer a range of services to support our clients, including:
- Setting up cloud software
- Training
- Preparing the accounting records and VAT returns (if required)
- Reviewing VAT returns prepared by our clients, prior to them being submitted to HMRC
Our expert team is on hand to advise and support you with any accountancy needs. Our free consultation is the perfect starting point to get the ball rolling. We mainly provide our services across the North West, including: Accrington, Balderstone, Bamber Bridge, Blackburn, Buckshaw Village, Burnley, Chipping, Chorley, Clitheroe, Colne, Darwen, Dunsop Bridge, Forest Beck, Gisburn, Harrop Fold, Hoghton, Lancaster, Leyland, Longridge, Lostock Hall, Meanley, Nelson, Penwortham, Preston, Rawtenstall, Ribchester, Rimington, Salesbury, Sawley, Skipton, Slaidburn, Stonyhurst, Swinden, Tosside, Waddington, West Bradford, Whalley, Whitewell and the surrounding areas.
