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Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...

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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 keep digital records and submit quarterly updates. An accountant ensures you use compliant software, meet deadlines, and avoid penalties. They also help you interpret your financial data for better business decisions.
How do I find a qualified Making Tax Digital accountant in Peterborough?
You can use AccountingFirms.co.uk to browse and compare local accountants. The directory lists professionals with ACCA, ICAEW, and AAT accreditations. Filter by specialism in Making Tax Digital to find a verified expert who suits your business needs.
What qualifications should I look for in an accountant for MTD compliance?
Look for accreditations from recognised bodies such as ACCA, ICAEW, or AAT. These ensure the accountant has rigorous training and adheres to professional standards. Experience with HMRC digital reporting and software like Xero or QuickBooks is also valuable.
Can a Making Tax Digital accountant help with VAT and Corporation Tax?
Yes, many accountants specialise in VAT, Corporation Tax, and Self Assessment alongside MTD. They can manage your quarterly submissions, annual returns, and advise on tax planning. This integrated approach saves time and ensures consistency across your tax obligations.
How often will I need to submit returns under Making Tax Digital?
For VAT-registered businesses, quarterly updates are required. Some businesses may also need annual finalisation. Your accountant will set up a schedule and handle submissions, ensuring you remain compliant with HMRC deadlines throughout the year.
What happens if I miss a Making Tax Digital deadline?
Missing deadlines can result in penalties from HMRC. A qualified accountant monitors your submission dates and files returns on time. They also help you correct any errors promptly, reducing the risk of fines and keeping your records in good order.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
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Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.


