QuickBooks or Xero for Making Tax Digital
30/10/2018

Making Tax Digital (MTD) is expected to affect most tax payers at some stage.

  • MTD is a Government initiative designed to transform tax administration and inevitably means change is coming
  • Any business that is VAT registered and has a taxable turnover of £85k or more will need to submit VAT returns using commercial software from April next year
  • If you file your VAT returns yourself and keep records manually, on spreadsheets or older desktop versions of packages like Sage 50 then action is required
  • If you’re already submitting VAT returns using QuickBooks online or Xero (or we do them for you) then you already have a system that can comply with the new requirements
  • If you aren’t using QuickBooks or Xero already, we’d be very pleased to help you implement one of these systems
  • Please do get in touch if you’re unsure whether or not you need to take action.

Contact us

Maple House
5 The Maples
Cleeve
Bristol
BS49 4FS
info@astrum.accountantsTel: 01275 277369 | 01934 235007 | 0117 2140369 

 

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