Digital Tax

Making Tax Digital (MTD) is coming and the way most businesses and individuals report their income to HMRC is set to change dramatically. Originally set to start in April 2018 for certain taxpayers, the starting date for MTD has been put back. From April 2019 VAT registered businesses will have to start keeping digital records and the exact form of these records will be made known in more detail over the coming months. For remaining businesses, companies and landlords quarterly reporting of income and expenditure under MTD will commence from April 2020.

Our staff at Harris Bassett have been actively involved from the start by taking part in the consultation process with HMRC. We are continually keeping abreast of the changing timetable for implementation and keep our clients fully up to date with developments as they unfold. We are already consulting with clients and offering help and guidance on accounting packages compliant with MTD so that when eventually MTD starts our clients are ready to comply.

 

If you would like to discuss or know more about Digital Tax then please get in touch with us using the following options:

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I have found the people who work at Harris Bassett to be consistently friendly, sincere and efficient. They have prepared my taxation returns for five years now and the way they interact with me has never changed. They have always returned phone calls in person, answered emails promptly and sent my taxation return to the taxation department  in good time. I have never thought of asking any one else to prepare my taxation return even though I live a very long way away from their office and have many accountants in the area where I live who are close by because I know I would be extremely lucky to ever find another firm who is as good in all respects as Harris Bassett.

Christine Noonan