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You may already be aware of the new Government tax system called Making Tax Digital (MTD) that was introduced in April 2019. For any individual or business affected by MTD, you will be required to digitally submit VAT information to HM Revenue and Customs (HMRC).

FAQs:

Does MTD affect me? When will MTD affect me? What do I need to do?
  • The changes implemented by HMRC currently affect:
  • Individuals and companies who are registered for VAT.
  • And have a taxable turnover of £85,000 or over.
  • The new tax system was introduced in April 2019 for VAT.
  • When your taxable turnover reaches £85,000.
  • Eventually MTD will affect how you submit information to HMRC for self-assessment tax returns (SATR) and national insurance contributions (NIC).
  • If you are required to be part of the MTD scheme, you will need to sign up with HMRC.
  • You will be required to submit your VAT return using a compatible digital software.

MTD services we can offer you:

Option 1 Option 2 Option 3 Option 4
  • My business is VAT registered.
  • I’m required to be part of the MTD scheme.
  • Crossley currently prepare my VAT returns.
  • My business is VAT registered.
  • I am required to be part of the MTD scheme.
  • Crossley do not currently prepare my VAT returns.
  • My business is VAT registered.
  • I am not required to be part of the MTD scheme.
  • My business is VAT registered.
  • I am not sure if I am required to be part of the MTD scheme.
What do you need to do?
Option 1 Option 2  Option 3 Option 4
  • Email This email address is being protected from spambots. You need JavaScript enabled to view it. to confirm that you would like us to sign you up for MTD.
  • We will then arrange for this to be completed on your behalf
  • A member of our team will confirm to you when this is complete, and add the one off fee of £15 +VAT to your next invoice raised for the preparation of your VAT return.
  • You will then be signed up for Making Tax Digital.
  • Email This email address is being protected from spambots. You need JavaScript enabled to view it. to confirm that you would like us to sign you up for MTD.
  • You will then receive an email from a member of our team to complete a short online form.
  • Complete the form, make the payment at the bottom of the form, and submit using the “Submit” button.
  • We will then complete your registration with HM Revenue and Customs, and a member of our team will confirm to you when this is complete.
  • You will then be signed up for Making Tax Digital.
  • If you would like to join the Making Tax Digital scheme voluntarily, please follow the steps in options 1 or 2.
  • If you wish to remain out of the Making Tax Digital scheme, you do not need to sign up.
  • Email This email address is being protected from spambots. You need JavaScript enabled to view it.or call us on 01634 840440 as soon as possible and we will be able to help you.
  • MTD was launched on 1st April 2019, and it is therefore important that you are aware of your obligations before this time.

Navigating through the HMRC making tax digital changes can be complicated, however Crossley can ensure that you are compliant, and will help you devise a plan suited to you.

To find out more and have an informal chat about your needs, contact our MTD team on 01634 840440 or This email address is being protected from spambots. You need JavaScript enabled to view it.


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