There’s still lots of mystery over Brexit Day on March 29th – but there’s no doubt about what’s happening on April 1st – and the Taxman will be making a real fool of you if your firm is not ready for the big ‘Making Tax Digital” changeover for VAT submissions.

Now local accountancy firm, Mann Judd Gordon, are holding seminars about MTD across the Outer Hebrides on Wednesday 13 February.

The seminars will cover the new Making Tax Digital rules that are coming in to force from 1 April.

It is hoped that representatives from Xero, an online accounting package, will be there in order to demonstrate how this software can keep a business compliant with the rules and also bring many other benefits to the organisation.

Making Tax Digital (MTD) is an HMRC initiative “designed to make sure the UK tax system is effective, efficient and easier for taxpayers.

“Making Tax Digital for business (MTDfb) begins on 1 April 2019 with MTD for VAT.

“From that date, VAT-registered businesses above the threshold of £85,000 will have to keep digital records and submit VAT returns using compatible software.

https://www.gov.uk/guidance/software-for-sending-income-tax-updates#check-tool

Other components of Making Tax Digital, such as income tax and corporation tax, have been placed on hold until April 2020 at the earliest.

 If you would like to come along to one of the sessions in Stornoway, Tarbert or Uist, get in touch with Sandra at This email address is being protected from spambots. You need JavaScript enabled to view it. , or call Sandra on 01851 702335.

Booking (by Monday 11 February at 5pm) for these events is essential to allow plans for catering arrangements.

The details for the events are as follows:

 

Location

Time

Catering

Stornoway - Caladh Inn, Croft Suite

8.30 - 9.30

Breakfast rolls + tea and coffee

Tarbert - Hotel Hebrides

12.00 – 13.00

Soup and sandwiches

Uist - Charlie’s Bistro, Balivanich

18.30 – 19.30

Soup and sandwiches