VAT is becoming one of the most complex taxes and requires careful planning particularly under the Making Tax Digital (MTD) legislation. At Shires we work closely with our clients guiding them through the ever-changing legislation and ensuring that they do not over or under pay.

We can assist clients with the initial registration process, the selection of the most appropriate VAT scheme and EC VAT (if appropriate), offer advice on record keeping, payment planning and completion of VAT returns always ensuring that the maximum amount of VAT is recovered by you.

Further should a dispute or VAT enquiry be raised by HMRC Shires Accountants has vast experience in representing clients at tribunal and negotiating with HMRC.

We offer a free no obligation meeting and would welcome the opportunity to discuss any requirements you may have. Call us on 01270 820 273 or click to Get in touch.

Making Tax Digital for VAT

MTD for VAT is to be introduced by HMRC in April 2019 for businesses trading above the VAT registration threshold of £ 85,000. MTD requires that records are kept in a digital format and VAT returns are filed from approved accounting software.  MTD for other taxes such as corporation tax and self-employment income tax has been delayed until 2020 at the earliest.

Businesses with a taxable turnover less than £ 85,000 who are VAT registered presently can choose traditional methods or via MTD approved software.

MTD for VAT basically means that you will need to use an HMRC approved bookkeeping/accounting software provider such as Xero, Quickbooks, Sage, etc there are 100s and you can see more here.

It is no longer acceptable to keep VAT records on software such as Excel unless it has been developed by an HMRC approved spreadsheet provider.

If you need to register for MTD Shires can help you make the move to an approved software program and get you fully compliant call us on 01270 820 273.

Interested in becoming a client.
Whether you are an established business, a non-profit or just starting your business journey we would welcome the opportunity to talk to you. So why not have a free no obligation meeting with us and you be the Judge if you would be better off with Shires Accountants. We are available Monday to Friday on 01270 820273 or if you prefer simply complete the contact form and we will get back to you…

Other VAT matters we can assist with:


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