The Making Tax Digital (MTD) for VAT deadline is getting closer. From 1 April 2019, it will be mandatory for all UK businesses, above the £85,000 VAT threshold, to keep records digitally and submit VAT returns to HMRC using MTD-compatible software. Over the coming months, we will be working to make sure all of our clients are on the right software and ready for MTD. If you are already using MTD compliant software, the great news is there’s nothing you need to do.

Getting your business ready with Xero

To get our clients businesses ready for Making Tax Digital, we are currently converting many accounts to Xero, the UK’s leading online accounting platform.

The team at Xero have been busy building their MTD functionality and are working closely with HMRC to have it ready well in time for April 2019. Once the functionality is ready, the team at Grenfell James Associates will work with Xero to ensure we’re well-equipped to support you with your MTD compliance.

Why Xero?

Grenfell James Associates has chosen to partner with Xero as our online accounting platform of choice. More than 300,000 subscribers across the UK and more than one million subscribers around the world use and love Xero.

Xero helps businesses save time on admin and get paid faster. You can login anytime on your PC, Mac, tablet or smartphone to see up to date financials and we can do the same, which means we’re able to advise you based on real-time, up-to-date financial information. With Xero, your accounts will be secured safely and securely in the cloud and you will be able to easily submit VAT returns directly to HMRC.

Want to know more?

If you have any questions about Xero or Making Tax Digital, please don’t hesitate to get in touch. We would love to hear from you.