All VAT registered businesses, unless exempt, now need to make VAT returns on a quarterly basis using a ‘designated software package’. This is the first stage in the implementation of the Government’s Making Tax Digital programme, which is intended to take the filing of most taxes online in the coming years.
Many of our clients already use cloud accounting packages such as Xero and QuickBooks online.
These packages will not only future-proof your business but also ensure you are compliant with Making Tax Digital’s requirements both now and in the years ahead.
Keeping digital records and making quarterly updates will not be made mandatory for taxes other than VAT before April 2026 at the earliest.
Nevertheless, companies do need to be prepared for the gradual implementation of the new digital tax regime.
Contact us today to find out how we can save your business time and money, while making MTD reporting as stress-free as possible.
Meet our expert
The Senior team
Rebecca Brabrook
Rebecca heads up our Management accounts department which includes our book-keeping services, management accounts preparation, VAT returns and related advice. She also has responsibility for our on-line accounting service, which is provided as part of our Management accounts section.
Rebecca has much experience in accounting for VAT across a broad range of businesses which supply both goods and services. For our Internationally connected clients, Rebecca is familiar with the cross- border VAT accounting needs requiring registration both here in the UK and abroad, the reverse charge procedures and the additional reporting in the form of Intrastat and EC Sales List (ECSL) forms.
Rebecca works closely with our clients providing them confidence that their accounting needs are met and to allow them to concentrate on what they are good at, namely running their businesses.
Outside of work, Rebecca enjoys travelling and making cupcakes for her family and friends and coming up with different ideas and flavours.
