Are You Ready for Making Tax Digital (MTD) in April 2019?

The HMRC is implementing Making Tax Digital for VAT from April 2019.  This means that those keeping accounts records on paper or spreadsheets, who then manually enter their VAT return online will need to upgrade their bookkeeping system.

All VAT returns will be submitted digitally, direct from your electronic accounts records.  As a result, those that are using paper-based cash books, home produced spreadsheets or non-compliant software will be required to change before the deadline and it would be prudent to plan this change in good time.

We provide a bureau accounts service using FCG Accounting Ltd’s Farm Accounts Software.  The Farm Accounts Software is double entry bookkeeping software suitable for diversified rural enterprises and farm businesses which;

– allows the generation of managements accounts tailored to your business
– has facility to set up custom enterprise analysis (enterprise gross margins)
– produces nominal ledgers at a click of a button
– is up to date with the latest HMRC requirements for MTD.

We are working with our HMRC approved software developer (Neilson James Technology) and are in the pilot testing phase of development.  Following completion of the MTD for VAT software our developer will start work on MTD for Income Tax.

The bureau bookkeeping service offered by the Farm Consultancy Group is not only prompt and accurate but will be up to date with the latest HMRC requirements.

If you have any questions regarding either the software or our services, contact Angela at  angela.mayo@fcgagric.com or your local FCG office.

Posted in Business Management, Gloucester.