24th January 2019
From the 1st of April 2019, HMRC are making major changes to the VAT filing process. For the vast majority of business, if your turnover exceeds £85,000 and you are registered for VAT, returns will need to be filed using HMRC approved software for Making Tax Digital (MTD). It is your responsibility to keep digital records of your sales and costs and upload your VAT return to HMRC. The old portal will no longer be available. The Government's aim is for all taxes to be reported using MTD by 2020.
You need to act now as this doesn't leave much time to comply.
Evans & Co are working closely with HMRC and our software providers to ensure that all of our clients are prepared for this deadline. We offer a full MTD compliant bookkeeping service, saving you time and money on administration and software.
If you are currently below the threshold and/or not VAT registered, it is important to be aware of these changes and contact us if you believe this situation may change.
Please contact Richard@evansaccountants.co.uk or call 0115 9427867 if you would like to discuss how Evans & Co can help with this transition and the additional services we can provide.