Insider News

Follow us on social media.
For all our latest news.

Making Tax Digital for VAT

From 1 April 2022, Making Tax Digital (MTD) is coming in for all VAT registered businesses with taxable turnover below the VAT threshold (£85,000). If you are going to be affected by this, now is the time to prepare!

Currently any VAT registered business with taxable turnover above the VAT threshold is required to comply with Making Tax Digital (MTD), a Government scheme aimed at improving accuracy in business record keeping. This was introduced initially in April 2019 and, after some delay due to the Covid pandemic, now the Government is looking to expand its scope.

This means that from April 2022, any VAT registered business will be required to comply with the MTD regime irrespective of their taxable turnover.

Watch our video below to help get you started - you must act now to make sure you are prepared!

 

We're here to help so please do not hesitate to get in touch if you have any queries or concerns.


Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Accountants in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

Accountants in Bromsgrove

Five Mile House, 128 Hanbury Road, Stoke Prior, Bromsgrove, B60 4JZ

01527 833124

Accountants in Coleshill

Suite 1 The Gardens, Coleshill Manor Office Campus, South Drive, Coleshill, B46 1DL

01675 466344

Jerroms is a trading style of both Jerroms Business Solutions Limited 08923059 and Jerroms (Bromsgrove) Limited 08433008.
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH