Making Tax Digital (MTD) Update
As you know anyone with taxable turnover over the VAT registration limit of £85,000 will have to submit VAT returns digitally on compatible software from the 1st of April 2019. The table below shows the relevant periods for your first submission.
The pilot scheme for MTD was launched on 1st October 2018 for sole traders and companies and from 1st January 2019 was opened to most other businesses including partnerships. If you do decide to join the pilot, you will not then be able to go back to submitting your returns by the current Government Gateway system.
If you require any assistance with MTD or choosing a compatible software, then please contact us and a member of the team will be able to give guidance in choosing the best package to suit your system.
The content of this article is for general information only and does not constitute tax advice. It should not be relied upon and action which could affect your business should not be taken without appropriate professional advice.
Lisa has worked with Margaret since 2002 and having had 2 children, now works part time. Lisa has a wealth of experience and knowledge and oversees our bookkeeping services. Lisa can be contacted in the office on Monday, Tuesday and Friday.
Outside of work Lisa enjoys horse riding and point-to-point racing.