Amherst & Shapland Limited
Tel: (01643) 702702 - Email: email@example.com
Compliance and Business Support
Whatever your needs, we can help.
We will make sure everything is in the right format, in the right place and at the right time.
Making sure that it's all adds up
As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.
We adopt the latest technologies and business practices ensuring greater efficiency and effectiveness
We have been serving clients in the Minehead & West Somerset for over 85 years and service businesses, small and large, across many sectors including:
We also have helped many individuals maximise the return they receive from the assets they own, reduce tax liabilities and evaluate future options.
We have a range of support and taxation services to suit both businesses and individuals.
Access to really useful resources including: calculators, tax rates and allowances.
We would welcome the opportunity to assist you.
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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