Making Tax Digital for VAT: One month countdown begins:
It is currently mandatory for most businesses with a taxable turnover above the £85k VAT threshold and will be mandatory for all businesses in April 2022. All VAT registered businesses must file their first VAT return for the VAT quarter starting on or after 1 April using MTD for VAT software. Our team at A&C Chartered Accountants have already moved across all of our clients using Xero and Sage software.
Xero calculates VAT and files VAT returns online securely with HMRC using software that’s compatible with HMRC systems. With Sage Business Cloud Leave your tax worries in the past. Collaborate with your accountant in the app or take control yourself. Anything’s possible with Making Tax Digital compliant VAT returns, ready to be submitted to HMRC with a single click.
Are you ready for Making Tax Digital for VAT?
If not, we can help. We offer a wide range of VAT services for your business.
Our team of chartered accountants have a wealth of experience in a broad range of sectors, from construction and property to the charity sector.
If you want to learn more about how the team can help or simply want some tax advice from a trusted accountant, please contact us by filling in a contact form or calling 0161 962 1855.