Businesses invited to ‘Making Tax Digital for VAT’ trial

(1 minute to read)

Business owners might be interested to learn that HMRC is looking for a number of firms to take part in a 'Making Tax Digital for VAT' pilot system.

The pilot is set to start in April 2018 and will be used by HMRC to ensure the new system runs as expected before it is launched properly on 1st April 2019.

Businesses will need to submit their VAT return using the new digital system and will have HMRC at hand to help with the process if they need it. It’s worth noting that those taking part can leave the trial at any time and they will not face greater scrutiny for participating, with all monitoring being used for test purposes only.

HMRC states: ‘As this is a new system, there may be some technical hiccups. HMRC has promised to do its best to address these swiftly, but if for whatever reason you find you no longer want to take part in the trial, you are free to leave at any time.’

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An HMRC spokesperson commented, “HMRC recently started small-scale technical testing for VAT as part of plans for Making Tax Digital.

“We have been working with stakeholders throughout the development of MTD and a number of professional bodies have approached their members to encourage them to participate in the live pilot, starting in the Spring.

“This pilot will be widened over the coming months as further functionality is added.’

To find out more about contracting please contact Sophie on 01442 795 100 or email sophie.lewis@dolanaccountancy.com

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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