The deadline for HMRC’s Making Tax Digital (MTD) is coming up soon and bookkeeping and accounting franchise Certax is urging businesses to make sure they’re prepared.
With the deadline of August 7th just a few weeks away, businesses in the UK will need to ensure they’re registered with HMRC’s new digital VAT returns service. Certax has been reassuring those who haven’t yet got to grips with the system and says that there is still time to enlist the help of an accountant.
Businesses across the UK with a taxable turnover over £85,000 will need to file their first quarterly VAT return by the date via an Application Programming Interface or risk fines. However, HMRC has reassured businesses that those doing their best to comply who make slight errors won’t be fined, as long as there’s evidence they are working with an accountant to address the issues in their next return.
Those who feel baffled by the new MTD system should enlist the help of an accountant to help them understand how to stay compliant. Certax’s network of talented accountancy professionals and franchisees are based all across the UK, meaning they’re on hand to help with any tax concerns. The bookkeeping and accountancy franchise’s policy of ‘no customer is too small’ means that everyone from sole traders who have just started out to large family businesses are able to access Certax’s expert services.
Certax’s innovative ‘tax tools’ help businesses identify problems in their accountancy strategy and address them quickly and effectively. Its services include payroll, VAT, mergers and acquisitions, corporate finance and audits, as well as more specialist services for businesses in the retail, manufacturing and investment sectors.
Sophie Cole, Point Franchise ©
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