Making Tax Digital (MTD)
Businesses and landlords will be required to use commercial software to maintain their records and to update HMRC quarterly, starting with VAT. That means all the businesses including sole traders, partnerships, limited companies will have to submit quarterly accounts, assess and report their tax liabilities to HMRC every 3 months.
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Timeline for MTD
From April 2019: VAT reporting by all VAT registered businesses with turnover above the VAT threshold.
From April 2020, at the earliest: All other taxes (income tax and corporation tax).
If you would like to discuss the Xero accounting services we offer or any of our other service, please contact our team on 0161 6600 600 or email@example.com. Alternatively, complete the short form below and one of our team will call you back.
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Regulatory compliance and development
In partnership with our associated consultant we provide regulatory advice and guidance on a broad range of issues including arrangements under LASPO, complaints management, risk management and care and conduct procedures, COLP and COFA obligations and other matters under the Code.
We assist on applications for the Law Society's Lexcel Practice Management Standards and provide all necessary documentation. We can provide advice and guidance with regard to SRA checks and enquiries, investigations and reports, and proceedings before the SDT.