VAT
Ever-changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process.
We can help to ensure that you comply with the regulations and that overpayments are avoided.
Making Tax Digital for VAT
VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to follow HMRC’s Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.
If you are below the VAT threshold, currently you can voluntarily join the Making Tax Digital service now.
However, from April 2022, VAT-registered businesses with a taxable turnover below £85,000 will be required to follow Making Tax Digital rules for their first return starting on or after April 2022.
