UHY Ross Brooke Chartered Accountants

Making Tax Digital

From April 2024 Making Tax Digital will apply to virtually all landlords and self-employed with total gross incomes in excess of £10,000 per annum. (Was due to be April 2023, but delayed by HMRC in Sept 2021)

Those affected will be required to record transactions and make quarterly reports to HMRC of income and expenses to in digital format.

If you are already VAT registered and using a product such as Xero, Sage, Kashflow or Quickbooks then you are probably already well placed to cope with the change, but if not you will need to prepare for the new reporting requirements.

April 2024 might seem a long way off but we are keen to make sure that our clients are well prepared before the due date. This will give you time to get used to the new record keeping requirements and iron out any wrinkles before the system goes live.

If you would like to understand more about your obligations and/or would like assistance transitioning to the new system, please register your interest by completing the form and let us know your preferred method of delivery, for example webinars, seminars or one to one training etc.

You may also be interested in:

Making Tax Digital for VAT

 

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What our clients say

If we did not convince you, maybe a few words from our customers will!

5 star review accountant

Very happy with the ongoing support provided by this company. Sarah is so helpful and patient and nothing is too much trouble. She responds quickly to all my questions and always has the solution!
[Sarah helps Janet with Xero and Dext]

Janet Cushnaghan

5/5

Today was brilliant. Josie answered all my questions and went above and beyond.

She set me up on Xero, revised my VAT invoices and automated repeat invoices to save me time. I’m sure I’ll sleep well tonight, knowing she has resolved those issues. I’m grateful for the time Josie spent helping me today.

Peter C

5/5

5 star review accountantSarah Hardy has taken some of our accounting processes off our hands and our minds – peace of mind, exactly what I was looking for. Thanks Sarah.

Nick Vat

5/5

Talk to us

Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546