Making Tax Digital – VAT changes April 2019

(2 minutes to read)

Introducing Making Tax Digital

From 1st April 2019, any business registered for VAT will be required by law to store digital financial records and to submit their VAT returns using Making Tax Digital (MTD) compatible accounting software.

At Dolan Accountancy, we are proud to work with FreeAgent, whose software has already been HMRC approved to both digitally store and seamlessly submit VAT Returns directly to HMRC. In addition HMRC can also send any necessary communications straight back to your FreeAgent portal regarding your return. Your Dolan Accountancy accountant will be in touch soon to discuss the changes however as you are already using FreeAgent, there should not be any action required on your part.

Making Tax Digital for VAT in 60 seconds

Get to grips with MTD for VAT in this short video from FreeAgent’s chief accountant, Emily Coltman.

If you would prefer an indepth guide to MTD, please download the following guide from FreeAgent.

If you have any further questions on Making Tax Digital please call your Dolan Accountancy accountant on 01442 795 200 or email them directly.

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, ContractorUmbrella, 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 ContractorUmbrella – 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, ContractorUmbrella.
  • 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.

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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