Build Your Business, and Keep More of Your Money

Chartered Accountants & Business Advisors

Call Us Today!

Making Tax Digital


Are You Ready Making Tax Digital (MTD)?

The first quarterly returns to be submitted to HMRC under the Making Tax Digital regime will be for the quarter ended 30 June 2019. Now is the time to make sure you are fully signed up and your software is activated ready for the submission which will be due by the 7 August 2019. Our […]

Read more June 21st, 2019

Making Tax Digital (MTD) Is Here!

Making Tax Digital (MTD) for VAT has been a long time coming. It is now here, as of 1 April 2019, and will be impacting any businesses with a VAT period that starts on or after 1 April 2019 with turnover above the VAT Threshold of £85,000. For most businesses, this will be their first […]

Read more May 31st, 2019

Making Tax Digital And VAT Registration

There will be a large number of businesses which have a turnover currently under the Making Tax Digital (MTD) registration limit but which will be getting nearer to that figure over time. Mostly these businesses will not yet be registered for VAT, but some may have registered voluntarily as their particular circumstances have a benefit […]

Read more May 13th, 2019

Making Tax Digital (MTD) Is Finally Here. Are You Ready?

Now that the government is embracing the digital age, it seems businesses are having to adapt their long-standing approach to various aspects of their administration. In the recent past, we have had Real Time Information (RTI) for payroll. Last year we had GDPR. This year it is the turn of Making Tax Digital (MTD). After […]

Read more April 23rd, 2019

What Is Making Tax Digital (MTD)?

What MTD means: Making Tax Digital (MTD) is the latest change to the method by which businesses must keep and administer their accounting records. Initially MTD for VAT will require VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using software. Many […]

Read more December 6th, 2018

Making Tax Digital Delayed Further, Apart From VAT Reporting

HMRC have confirmed that no further Making Tax Digital (MTD) for business changes will be brought in before 2020 at the earliest. The Treasury set out its revised priorities for current digital transformation projects, to make room for the additional demands on its resources of work to upgrade customs systems in preparation for Brexit. The […]

Read more June 12th, 2018

Start Of Digital Reporting Delaying For Smaller Businesses

The Government is committed to the “Making Tax Digital” (MTD) project which is scheduled to start in April 2018 with the first quarterly updates being submitted by the self-employed and property landlords in July 2018. Many business owners, professional advisors and the Treasury select committee had expressed concerns about the timescale for the introduction of […]

Read more April 13th, 2017

Reporting To HMRC Every Quarter To Go Ahead In 2018

The Government and HMRC remain committed to the “Making Tax Digital” (MTD) project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions. The next big step will be the introduction of quarterly reporting of income and expenditure by businesses and landlords from 2018. HMRC […]

Read more October 20th, 2016