MONEYTREE FINANCIAL
  • Accounting Services
    • Book-keeping
    • Management accounts
    • Statutory accounts
  • Taxation Services
    • Self-assessment
    • Corporation Tax
    • Payroll (PAYE)
    • Making Tax Digital
    • VAT
    • UK Tax Refunds

VAT (Making Tax Digital)

·      Book-keeping
·     
Payroll (PAYE)
·      VAT
·      Management Accounts
·      Statutory Accounts
·      Taxations
Making Tax Digital (“MTD”) is a new initiative from HMRC, aimed at making the UK’s tax system one of the most advanced digital tax administrations in the world.
Initially to be introduced from April 2019, MTD is designed to make it easier for both businesses and individuals to pay the right tax - and to gain better visibility of what you owe throughout the year.
It means that whether you are a one-man band or a corporate giant, your business will soon be required to maintain digital records and 
submit your information to HMRC using compatible online software such as Xero.
So, if you’re still recording your accounts on paper or spreadsheets, or even on desktop-based accounting software, things are going to have to change.
Handily, we’re here to help provide a seamless switchover to the digital age.
VAT enquiries
Contact us today for a VAT health check and to see how we can relieve you of the burden.
Submit
Making Tax Digital: Who is affected and when?

The scheme goes live in April 2019 and will initially require all compulsorily registered businesses with turnover over the VAT threshold (£85,000) to file their VAT information online on a quarterly basis.

​VAT registered businesses with a lower turnover will not be mandated in this first wave, but can choose to opt in should they wish. While an exact date for other tax requirements is yet to be set, it’s expected to land shortly after April 2020 - at which point all small businesses could become mandated.
​

That’s why it’s important to make the digital switch as soon as possible, to ensure you hit the ground running when the deadline arrives.
SPEAK TO US
EMAIL US

OUR SERVICES

Book Keeping
Management Accounts

Statutory Accounts

Payroll (PAYE)
Taxation
VAT
Tax Refunds


OUR COMPANY

About us
Contact us
Arrange a Meeting
Quotation form
Oriental Specialist
Xero 

Refer a friend

OUR SUPPORT

FAQ
Terms of use
Picture
E: INFO@MONEYTREEFINANCIAL.CO.UK
T:  +44 (0) 
333 567 7717
M: +44 (0) 7824 704 028
MoneyTree Financial
MoneyTree Financial
Picture
  • Accounting Services
    • Book-keeping
    • Management accounts
    • Statutory accounts
  • Taxation Services
    • Self-assessment
    • Corporation Tax
    • Payroll (PAYE)
    • Making Tax Digital
    • VAT
    • UK Tax Refunds