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Filtered By Category: Making Tax Digital

Jun 11 2019

The easy transition to Making Tax Digital

Categories: Amber AccountingMaking Tax Digital

Following on from our previous article discussing bridging software, we have provided a detailed example of how bridging software can help with your Making Tax Digital (MTD) submissions below. We have a client who was using a manual cashbook to process their monthly VAT Return for their farm, and discussed the implications of MTD for their business. more

May 28 2019

Bridging Software for Making Tax Digital

Categories: Amber AccountingMaking Tax DigitalTaxation

With the advent of Making Tax Digital (MTD), HMRC will be expecting all businesses caught within the scheme to submit VAT returns through software, rather than through the traditional Government Gateway. Most software providers have now released MTD compliant software and this may involve paying to upgrade existing systems or changing them completely. Whilst some more

Jan 10 2019

Making Tax Digital – FAQ’s

Categories: Amber AccountingMaking Tax DigitalTaxation

We are now fast approaching the first stage of implementation for HM Revenue & Customs’ (HMRC’s) Making Tax Digital.  Making Tax Digital (MTD) aims to provide a simpler and up-to-date system for taxpayers, by requiring most businesses, including sole traders and landlords, to maintain their accounting records on computer software.  This should enable HMRC to more

Dec 10 2018

Would Cloud Accounting benefit your business?

Categories: LeisureMaking Tax Digital

From this April, the current government’s intention to bring Making Tax Digital (MTD) for all businesses, including sole traders and landlords, with a turnover above the VAT threshold (currently £85,000) to keep digital records for VAT purposes comes into force. This means that manual record keeping for VAT registered businesses will no longer be acceptable more