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Our office is always open from 09:00 – 17:00, Monday to Friday (excluding Bank Holidays).
| Phone: | 0161 832 4451 |
| Address: | Jack Ross Limited Barnfield House The Approach Manchester M3 7BX |
| Email: | info@jackross.co.uk |
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Frequently Asked Questions
The Making Tax Digital initiative started in April 2019 for VAT. The timeline for other taxes may vary, and it’s best to check the latest updates from HMRC.
To comply with Making Tax Digital, you need to keep digital records and use software to submit your VAT returns. If you are not already doing this, you will need to sign up.
There are many software solutions that are compatible with Making Tax Digital. HMRC provides a list of Making Tax Digital compatible software on their website.
HMRC has a points-based penalty system for late submission and payment. If you miss a deadline, you will receive a point. Once points reach a certain threshold, you will be penalized.
No, if your business is above the VAT threshold, you cannot opt out of Making Tax Digital. However, there are certain exemptions based on disability, age, remoteness of location, or religious beliefs.
HMRC's Videos on Making Tax Digital
Latest News
Making Tax Digital 2023: MPs Criticise Delays and Complexity
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Making Tax Digital: Small Business Review
Making Tax Digital Small Business Review 2023: Understanding the Basics and Preparing for Change Introduction to Making Tax Digital (MTD) Since 1948, Jack Ross Chartered
Making Tax Digital: The Rising Costs and Challenges
Making Tax Digital: The Rising Costs and Challenges Introduction Making Tax Digital (MTD), the ambitious initiative by HM Revenue & Customs (HMRC) to digitise the