Making Tax Digital for VAT made simple with Xero: Be part of our webinar

This month, if you happen to’re a VAT-registered enterprise with taxable turnover underneath £85,000, you will have obtained a letter from HMRC. The letter explains that from April 2022 you will have to adjust to Making Tax Digital (MTD), the brand new digital tax laws. In the event you’re an eligible enterprise that hasn’t obtained this but, you seemingly will quickly.

Because of this small companies which are submitting VAT by means of the HMRC portal or the put up should begin sustaining information digitally and file VAT returns by means of suitable software program in time for the deadline. 

And whereas April 2022 might really feel like loads of discover, it’s by no means too early to get forward of the sport. In reality, it’s extraordinarily necessary for companies to organize for digital information and MTD software program as quickly as potential. 

That’s why we’re internet hosting a webinar, showcasing how small companies and their accountants could make MTD VAT submissions simple, utilizing Xero. Going down on a number of dates over the upcoming months, with the subsequent scheduled for 29 November 2021, 13 December 2021 and 14 January 2022, you may signal as much as the free webinar right here. Extra dates shall be introduced quickly. 

What you may count on

Our professional host will kick issues off with a fast rationalization of the very important significance of cloud accounting software program for blossoming companies. 

With an indication of how information is captured and processed in Xero, from financial institution feeds to invoicing, buy payments and bills, you’ll get a fast overview of how one can obtain larger management, connectivity, and collaboration forward of MTD for VAT, and past. 

Our host will then take you thru a breakdown of MTD to this point, tackling what it’s, when it will likely be launched, and the way it will work. Then, there shall be an indication of the end-to-end strategy of submitting a VAT return utilizing Xero, showcasing the convenience and effectivity of a once-painstaking course of by means of our compliant software program. 

You can too submit your personal inquiries to be answered by our professional, who may help deal with any issues you will have because the letters land in your doorstep. For different fast tips about how small companies can put together for MTD for VAT, you may try our latest article, or go to our MTD web page for extra data.