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Making Tax Digital (MTD) is one of the most significant changes to the tax system since the introduction of Self-Assessment more than 20 years ago. VAT registered businesses with a taxable turnover above £85,000 are the first to be affected with effect from April 2019 when the filing of VAT Returns digitally, either directly from compatible accounting software or via bridging software, will become mandatory. MTD for Income Tax and Corporation Tax is expected to follow, but not before 2021.
For answers to some of the most common questions that we have been asked, please click here.
We will be working closely with clients and contacts to ensure they are fully prepared for the arrival of MTD. If you would like to discuss MTD and the implications for your business please contact us.
Please visit our Software Services page which includes details of some of the many software packages we support, to help you stay ahead and deal with the requirements of Making Tax Digital.
We are offering the opportunity for business owners to benefit from free access to the expertise of our cloud accounting software specialists, based in our Berwick office.
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Firstly we hope that you -our clients, our contacts and our colleagues -are keeping safe and well in these difficult and challenging times. We are doing our very best to provide as normal service as possible and we can be contacted through all of the usual channels.
Our three offices in Kelso, Melrose and Berwick are all being ‘manned’ so you can call us or arrange for records to be dropped off or collected. Clearly there are social distancing and COVID safety restrictions in place so please contact us in advance to make suitable arrangements. All post is being dealt with as normal.
The majority of partners and staff are currently home-working and again are fully contactable. Whilst face to face meetings are not appropriate at this time we are utilising other communications such as video conferencing, in addition to telephone and email.
For many of our clients we appreciate these are extremely challenging times and we are fully focused on providing all possible help and support. We are providing regular updates on all grants, loans, furlough and other support available. Further information is set out here. Feel free to contact us directly too.
Keep safe and well and we look forward to returning to more normal working ways as we are allowed in the coming months.
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