HM Revenue & Customs is introducing a new digital service, Making Tax Digital, which requires self-employed people and landlords to submit quarterly returns to HMRC from April 2018 if their turnover is above circa £85,000 per annum.
Making Tax Digital is also expected to apply to landlords and businesses with turnover below £85,000 from 2019 and corporation tax from 2020. VAT returns will need to be submitted using the new service from 2019.
Simpkins Edwards is well-placed to assist with the transition to the new digital regime and maximise the benefits of the increased functionality that digital software provides.
We can recommend a package to suit your requirements and assist you with getting started. To make cash flow easy, and help with budgeting, our cloud-based packages are payable monthly in advance by direct debit. You can choose the package that suits you and your business.
If you would like to hear more about these packages please get in touch.