© Shacter Cohen & Bor LLP - 31 Sackville Street - Manchester - M1 3LZ Tel: 0161 236 3909 Fax: 0161 236 8490
Contact us NOW before its too late..

(MTD) Making Tax Digital and VAT

From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 will be required to: • Maintain their accounting records digitally in a software product or spreadsheet. Maintaining paper records will cease to meet the legal requirements in tax legislation. • Submit their VAT returns to HMRC using a functional compatible software product that can access HMRC’s API (Application Program Interfaces) platform. The requirements do not apply to VAT registered businesses with taxable turnover below the VAT threshold (e.g., those that have registered voluntarily). How can we help? We can help assess your business’s readiness for MTD, and work with you to help you to implement the changes necessary to your accounting software to comply with the new law. We can also help you to identify the most suitable independent software package for making the digital upload to HMRC’s system.
lower my tax Manchester
© Shacter Cohen & Bor LLP - 31 Sackville Street - Manchester - M1 3LZ Tel: 0161 236 3909 Fax: 0161 236 8490
Contact us NOW before its too late..

(MTD) Making Tax Digital and VAT

From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 will be required to: • Maintain their accounting records digitally in a software product or spreadsheet. Maintaining paper records will cease to meet the legal requirements in tax legislation. • Submit their VAT returns to HMRC using a functional compatible software product that can access HMRC’s API (Application Program Interfaces) platform. The requirements do not apply to VAT registered businesses with taxable turnover below the VAT threshold (e.g., those that have registered voluntarily). How can we help? We can help assess your business’s readiness for MTD, and work with you to help you to implement the changes necessary to your accounting software to comply with the new law. We can also help you to identify the most suitable independent software package for making the digital upload to HMRC’s system.
lower my tax Manchester
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