Local businesses turn out for Making Tax Digital for VAT seminar

16th October 2018

Thompson Jenner LLP, one of Devon’s most forward thinking firms of accountants and business advisers, has hosted a seminar to help local businesses prepare for the Government’s online tax regime Making Tax Digital (MTD) for VAT.

The MTD for VAT deadline is on the 1 April 2019, when all UK businesses with turnover above the £85,000 VAT threshold will need to keep records digitally and submit VAT returns to HMRC using MTD-compatible software.

With the new digital regime just around the corner the firm’s Partner’s and experienced team of VAT, bookkeeping and cloud accounting specialists have been working closely with clients and local business owners to help them prepare for the changeover.

The first free seminar took place on Thursday the 11th October at the Manor Hotel in Exmouth. Thompson Jenner LLP Partner Jon Westley and invited leading accounting software specialist Xero, gave an overview of the new requirements, the software solutions that are available and what businesses need to be doing in order to be compliant with the new reporting requirements.

Jon Westley of Thompson Jenner LLP said “We are delighted with the turn out today to our seminar. It has been well publicised that a lot of businesses are not fully aware of the MTD for VAT requirements and we have therefore been very pro-active in getting our clients well prepared in good time.

He went on to say “Running these events is part of a series of activities that we are undertaking to get clients and local businesses in general to understand what the legislation requires them to do and, with the help and support of us and our software partners, what steps they need to take over the next few months.”

The feedback from the attendees was extremely positive with everyone gaining a much better understanding of the new regime and the practical help, support and training that is available to them. We would like to thank everyone for coming along and for making the event such a success.

The next free seminar will be at the Buckerell Lodge Hotel, The Garden Suite, Exeter, EX2 4SQ, on Tuesday 30th October 16.30 – 17.30. Please book your place online at: Exeter MTD for VAT seminar

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