Making Tax Digital

With Making Tax Digital (MTD) for VAT now mandatory for all VAT registered UK businesses, we can ensure that your business is fully compliant with MTD requirements. We can provide software solutions and support you transitioning to digital record-keeping and filing, making the process seamless and straightforward.

• VAT Registration: We can advise you if you need to register for VAT, whether voluntary or compulsory registration, talk through any potential savings from joining VAT schemes (such as the Flat Rate VAT Scheme), and even complete the forms to register you for VAT with HMRC.
• VAT Preparation: Preparing your VAT returns can be stressful and time consuming trying to understand what you can and can’t claim VAT on. At Dalton Smith Accountants, we will review all of your transactions in detail and prepare your VAT return on time to avoid any necessary late filing penalties. We ensure that all eligible VAT is claimed and that your returns are accurate, to avoid costly penalties and interest charges.
• VAT bookkeeping: Accurate bookkeeping is essential for VAT compliance. We can assist you in maintaining organised and up-to-date records, making sure all records are entered onto MTD compliant software. Our VAT bookkeeping service makes it easy to keep on top of your finances and ensure you know your VAT liability in a timely manner.
• VAT Planning: Effective VAT planning can result in significant savings for your business. At Dalton Smith Accountants we can provide a thorough review of your VAT position, identifying opportunities for savings and ensuring you are taking full advantage of available VAT relief based on current legislation. We help you plan-ahead, optimising your VAT strategy in line with your business goals.
• Handling VAT Inspections and Disputes: Dealing with HMRC inspections and disputes can be stressful. At Dalton Smith Accountants we can speak to HMRC on your behalf, ensuring that any inspections are handled smoothly and professionally. In the event of disputes, we can help to provide robust support to resolve issues quickly and efficiently.