Accountancy
VAT Returns and MTD Filing
Value Added Tax and Making Tax Digital
Quarterly VAT returns can drain your cashflow resources if records are incomplete, and no-one likes VAT surprises. We reconcile, prepare, and submit returns under Making Tax Digital (MTD) guidelines, keeping you penalty-free and improving cash-flow planning.
Key features of our service
- 1
Full HMRC MTD-compatible bookkeeping
- 2
Reconciliation of sales, purchases, and import VAT
- 3
Digital submission through our approved software
- 4
Option to switch to Flat Rate or Cash Accounting where beneficial
The Benefits of using Pytronot Accountancy Services for VAT & MTD
If there’s one bill you must always pay on time and correctly, it’s VAT. VAT doesn’t belong to you, it belongs to HMRC and they take a very dim view if it isn’t paid. However we know that in many companies, VAT sits unsegmented in general cash flow and it’s often a surprise when the VAT due date comes around.
It doesn’t need to be that way. With our help, your returns will be correct, filed on time and you’ll be prepared for the payment with enough advance notice to plan your cash flow. We’ll also make sure that you are correctly accounting for items that do and don’t carry VAT, and making best use of the VAT filing protocols.
Allied with our bookkeeping service, correct and efficient VAT filing should be one of the ‘must do’ items on your business checklist. Get it right and you’ll reduce the chance of audits, late payment fees and fines.
What is Making Tax Digital (MTD)?
Making Tax Digital (MTD) is a new way to report income to HMRC. It will be phased in for all companies and individuals from April 2026. The new Making Tax Digital regulations for VAT and Income Tax require all businesses to use MTD-compatible software to keep digital records; companies will need to submit returns online.
We are experts at MTD software such as the cloud accounting packages Xero, Quickbooks and SAGE. We help businesses submit regular, accurate returns. MTD reduces errors and simplifies tax planning, but it needs to be done properly. Our staff are fully trained and accredited and will make sure your returns are perfect every time.
