ABOUT MTD BOOKKEEPERS
We are the UK’s leading on-line digital bookkeepers for small and medium size businesses. We use the most secure HMRC approved software to submit and store your tax data, keeping you up to date and legal.
To meet the brand new HMRC regulations on submitting your VAT returns digitally, all you need is access to a smart device and MTD Bookkeepers will do the rest. No more requests from your accountant or bookkeeper for copies of invoices, no more late-night admin to hit those submission deadlines, it’s all done on the go without the need for any more manual filing.
So, with time now being saved and life a lot easier, what about the cost? Well because this is a purely an automated system that speaks directly to HMRC, the manual work is largely removed, the cost is naturally lower than a traditional bookkeeper.
See below for the answers on our most frequently asked questions regarding MTD.
FREQUENTY ASKED QUESTIONS
“What actually is MTD and how will does it effect me?”
MTD stands for Making Tax Digital and quite simply the HMRC are transforming their services to be completely digital. This is a huge undertaking and is being done in stages with the first one being VAT returns which becomes effective from 1st April 2019. Click here to read more about when the next stages are likely to be.
“Do all businesses have to register for MTD?”
No you don’t, but if your business is VAT registered and has a turnover above the VAT threshold of £85,000 per annum, you do have a legal requirement to submit your returns digitally from 1st April 2019.
“Does my existing government gateway log in need to change?“
No. You keep your existing log in as usual, but you will need to log in and sign up for MTD filing. Click here to become MTD ready (you will need your VAT number, company number and existing gateway log in. https://www.tax.service.gov.uk/vat-through-software/sign-up/have-software
“Can I submit my VAT returns digitally before April 2019?”
Yes you can submit them digitally now, however it becomes a legal requirement to do it digitally from 1st April 2019.
“How do I submit my tax returns digitally?”
It can only be done with compatible and approved HMRC software. There are a number of versions around but MTD Bookkeepers use the most efficient and simplest to use for our clients. All you need is access to a smart device (iPhone or iPad for example) and you are ready to go.
“So do MTD Bookkeepers just submit my tax returns?”
We prepare your books and records from the information scanned. This is put in to a format suitable to prepare and submit your VAT return. This information is also allocated in a way that allows you and your accountant to have ready available access to all your accounting entries, whether that be to see how much you spent on materials or whether your business owes you any money!
“OK I understand my legal requirements, what do I do next?”
Simply click here which will take you to our sign-up page, answer 3 simple questions and we will give you an instant quotation for the service. After that, if you wish to proceed, we just need your contact details and the rest will be done by email to get you started. You only need a smart device to be able to benefit from this service.