Have You Signed Up For Making Tax Digital Yet?
Or are you one of those businesses who are late?
POSTED BY JONATHAN VOWLES ON 05/11/2019 @ 8:00AM
Making Tax Digital, HMRC's flagship programme to revolutionise tax reporting by taking it all online has been with us for some time ...
If you haven't signed up for Making Tax Digital yet, or haven't filed your first return then get in touch soon!
copyright: elleaon / 123rf
It is being phased in bit by bit and the first phase, digital VAT returns, should now be in place with VAT returns due on 7th August, 7th September and 7th October 2019. But, statistics show that not everyone who should have signed up and has actually done so!"
"The numbers on Making Tax Digital for VAT
are pretty interesting!"
Over a million businesses had signed up by 7th August. However, at the time of the HMRC report, only around 80% of businesses due to file electronically had done so in August and 74% in September; they were anticipating only 60% to file electronically during October.
All of which means that a fair few businesses haven't signed up for Making Tax Digital and really need to! What is worse, of those who have signed up, around 6% haven't managed to file their returns on the new system!
Are you one of the businesses that haven't yet signed up for making tax digital yet? Are you one of the ones that have signed up, but not managed to use the new system?
If so do you need help to get that sorted? What's more we can make it easy and simple, so it's a lot less hassle than you think. JVCA can help you with advanced software apps that make it easy, and expert advice to make it all simple!
Until next time ...
Would you like to know more?
If you need help with Making Tax Digital for VAT, then it may be a great idea to give me a call on 01234 752 566, leave a comment below or click here to ping over an email and let's see how I can help you.
About Jonathan Vowles ...
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.
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