Suppose your business taxable revenue has reached the VAT registration threshold. In that case, you must file the VAT return using the MTD system, i.e. Making Tax Digital system.
Making Tax Digital (MTD) is a system introduced by HMRC that has changed how the UK tax system works. From April 2019, businesses and landlords with a turnover above the VAT threshold must use online software to update and maintain their records.
We will not simply register your business for a standard-rated 20% VAT scheme. Instead, we will discuss your business and register your business under the correct VAT scheme like Flat Rate Scheme (FRS). Similarly, we will ensure that, if possible, we register you for the VAT Annual Accounting Scheme saving both time and money for you.
We use MTD compliant software like Xero, Sage One, Quickbooks, Freeagent, Capium, and Excel bridging, so your switch over can be effortless and stress-free.
Contact us today if you are looking for any advice or guidance related to VAT. Our expert team will be happy to assist you.