Action required – ‘Making Tax Digital’

If you currently submit your VAT return using an Excel spreadsheet you must take action to update your process or face expensive fines from HMRC.

To comply with new ‘Making Tax Digital’ requirements you must use accredited accounting software to submit the return. We can:

  1. Guide you on upgrading your existing accounting software.
  2. Check and submit your VAT return using our specialist software for just £99 per VAT return.

Failure to comply with these new regulations could see huge fines imposed by HMRC.

We are working with all our clients to ensure they choose the best method of processing tax and VAT returns which are HMRC compliant and work best for their business.

In many cases, it is easier and more efficient for our VAT team to handle your returns. This way, you can be sure that you are compliant and also it removes the risk and hassle of doing it all your self.

To simply update the way you process your VAT returns speak to Jane Marquez in our team and she will guide you on the best option for your business.


New VAT thresholds looming?

There had been some speculation leading up to the Budget that the VAT registration limit would be significantly reduced. The Chancellor has announced that the VAT registration and deregistration thresholds will not change for two years from 1 April 2018 from the current figures of £85,000 and £83,000 respectively.

In the meantime, the government intends to consult on the design of the threshold.

Talk to our team on 0161 980 8788 about your current VAT arrangements to ensure that you are complying in a tax effective way.