We are taking on new clients!
Whether it’s Bookkeeping, Payroll, MTD for Income Tax, Tax Returns & Financial & Management Accounts - we’ve got you covered.
We also offer bespoke services
Contact us today and get stress free accounting!
queries_jago@outlook.com
Staying Compliant
Making Tax Digital
WHEN IS THE RIGHT TIME TO CHANGE TO DIGITAL?
IT IS NOW!
DON'T PANIC AS WE CAN HELP YOU TRANSITION
APRIL 2026!! NEW CHANGES THAT COULD IMPACT YOU!
MTD for ITSA
Requirements:
MTD for VAT (Current)
Tax Year 2025/26 - All VAT registered businesses
MTD for ITSA Quarterly
THIS WILL COMMENCE FROM 1st APRIL 2026
and the first submission will be JULY 2026
(NOT 31st JANUARY 2027)
Tax Year 2026/27 - Any business or property income over £50,000 and all VAT registered businesses
Tax Year 2027/28 - Any business or property income over £30,000 and all VAT registered businesses
Tax Year 2028/29 - ???? We don't know yet but be prepared it could capture everyone else
HMRC & Companies House
All information as at 1st Febuary 2025
Self Assessment requirement: Any person that has income other than PAYE (Pay As You Earn)
VAT (Value Added Tax) requirement: Voluntary or Turnover £90,000 or over
Companies House requirement: Limited Companies, Limited Liability Partnerships & Not for Profit (if applicable). All require a confirmation statement
Micro Entities - minimal balance sheet 2 or more of 1. Turnover less than £632,001 2. Net Assets less than £316,000 3. no more than 10 employees
Small Companies - Abridged simple balance sheet with notes 2 or more of 1. Turnover less than £10.2m 2. Net Assets less than £5.1m 3. no more than 50 employees
Timelines for submitting ALL information to us and HMRC & Companies House Deadlines