Digital Tax Records
Digital Tax Records take pride in offering you a friendly, conscientious and approachable service. We can manage all of your needs on-site or off-site and can do as much or as little as you require. We recognise that not all businesses are the same so we aim to provide a range of packages to suit your needs. From basic support, extensive bookkeeping and payroll to bespoke packages, we provide an experienced and efficient service to suit every business.
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Are you struggling to find time to deal with your business paperwork?
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Do you want regular reporting?
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Do you need someone to provide you with an experienced and efficient service and who can work closely with your accountant?
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Would you want access to telephone support?
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Do you need peace of mind that your affairs are in good hands?
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Are you looking to negotiate the minefield that is Making Tax Digital and comply with the Governments proposals for Digital Tax Reporting.
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What is Making Tax Digital (MTD)
Making Tax Digital (MTD) is part of HMRC’s programme to make the UK one of the most digitally advanced tax collection agencies in the world.
From April 2018:
From April 2018 for Income Tax, businesses (including self-employed and landlords) will be able to keep records of their income and expenditure digitally, and send summary updates quarterly to HMRC from their software (or app) if they choose to do so.
From April 2019:
From April 2019, VAT registered businesses (including self-employed and landlords) with turnover above the VAT registration threshold (currently £85,000) will have to:
- Keep their records digitally (for VAT purposes only)
- Provide their VAT return information to HMRC through Making Tax Digital compatible software
