
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What is Making Tax Digital and why do I need an accountant for it?
Making Tax Digital is an HMRC initiative requiring businesses to maintain digital records and submit VAT returns using compatible software. An accountant ensures your software is correctly set up, your records are accurate, and submissions are made on time, reducing the risk of penalties and helping you stay compliant.
How do I find a qualified accountant in Ashford Kent for Making Tax Digital?
You can use AccountingFirms.co.uk to browse local accountants who specialise in Making Tax Digital. The directory allows you to filter by qualifications such as ACCA, ICAEW, or AAT, and read client reviews to find a professional who meets your specific needs and budget.
What qualifications should I look for in a Making Tax Digital accountant?
Look for accountants who are members of recognised bodies like ACCA, ICAEW, or AAT. These qualifications indicate rigorous training and adherence to professional standards. Such accountants are well-versed in HMRC requirements and can provide reliable guidance for digital tax compliance.
Can a Making Tax Digital accountant help with VAT and Corporation Tax?
Yes, a Making Tax Digital accountant can assist with VAT registration and quarterly submissions, as well as Corporation Tax returns. They ensure your digital records are structured to meet HMRC’s requirements, helping you manage both VAT and Corporation Tax obligations efficiently and accurately.
Do I need to use specific software for Making Tax Digital?
HMRC requires you to use compatible software that can submit VAT returns digitally. Your accountant can recommend and help you implement approved software, such as Xero or QuickBooks, and provide training to ensure your records are maintained correctly for quarterly submissions.
How often will I need to submit returns under Making Tax Digital?
Under Making Tax Digital for VAT, you must submit returns quarterly rather than annually. Your accountant will help you prepare and file these returns on time, reconcile your accounts, and ensure your digital records are always up to date to avoid any compliance issues.
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