
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 systems meet these requirements, helps you set up digital links, and manages quarterly submissions to avoid penalties.
How do I choose a qualified accountant in Co. Antrim for MTD?
Look for accountants with ACCA, ICAEW, or AAT accreditation who specialise in digital tax compliance. Check their experience with HMRC’s MTD framework, client reviews, and whether they offer tailored support for your business size and sector.
Can an accountant help with both VAT and Corporation Tax under MTD?
Yes, a qualified accountant can manage your VAT returns under MTD and also advise on Corporation Tax and Self Assessment. They ensure all submissions are accurate, compliant with HMRC rules, and submitted on time to reduce the risk of fines.
What software do MTD accountants typically use?
Most accountants use HMRC-recognised software such as Xero, QuickBooks, or Sage. They can help you select the right platform for your business, set up digital links, and train your team to maintain compliant records throughout the year.
How often will I need to submit returns with an MTD accountant?
Under MTD, VAT returns are typically submitted quarterly. Your accountant will manage these submissions, provide updates on your tax position, and help you plan for payments. They also handle any adjustments or corrections required by HMRC.
Are there penalties for not complying with Making Tax Digital?
Yes, HMRC can issue penalties for late submissions, incorrect returns, or failure to maintain digital records. An accountant helps you avoid these by ensuring your software is compliant, deadlines are met, and all data is accurately reported.
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