The Vatax approach is simple; we put the client first.
Business, landlord or individual we listen to you and cater for your needs providing practical accountancy solutions.
Our priority is to deliver a first class client service.
By getting to know you and your business we aim to become a valuable member of your team.
Get in touch with us today
Get in touch with our team today, to arrange a free initial consultation. We'll be pleased to here from you!
New Office open in Poundbury, Dorset
We are pleased to announce that our new office in Poundbury is now open at 18 Marsden Street, Poundbury, Dorchester, DT1 3DH.
Making Tax Digital (MTD) – we have the solution!
In partnership with Kashflow and Iris Snap software, we are able to offer a complete solution to HMRC’s requirements for MTD. Call us today to discuss the future of digital tax.
Our stress free approach to handling your affairs and no surprise fixed fee packages will help you budget effectively and use our services like an extended finance arm of your business.
Read more about our services and learn more about us to help you make an informed decision before you contact us.
We have a range of accountancy and support services to suit both businesses and individuals.
Access to really useful resources including: calculators, tax rates and allowances.
Get in touch with us to arrange a free initial consultation with a member of our team.
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. The first area to be affected by MTD will be VAT with the new rules being implemented from April 2019.
Under the regulations, businesses with taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using ‘functional compatible software’. These new regulations take effect for VAT return periods beginning on or after 1 April 2019.
HMRC has published VAT Notice 700/22: Making Tax Digital for VAT. This Notice defines ‘functional compatible software’ and the transaction-level data that needs to be recorded and retained within the software.
Under the new MTD regulations, businesses will have to use ‘functional compatible software’. This means a ‘software program or set of compatible software programs which can connect to HMRC systems via an Application Programming Interface (API)’. This must be capable of:
MTDfV is coming soon and we are here to help you prepare.
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