Don’t understand Making Tax Digital?

May 16, 2019 2:35 pm Published by

Making Tax Digital

April this year saw HMRC introduce the much talked about Making Tax Digital.

This doesn’t have to be overwhelming though and Blue Sky Formations have partnered with Cobia Accounting to take the stress away from you.

Making Tax Digital (MTD) for VAT makes it mandatory for VAT registered businesses above the £85k threshold to keep records and submit VAT returns digitally through compatible software.

Cobia have partnered with Xero as their software provider who are listed by HMRC as providing software that is compatible with MTD for VAT to ensure that all MTD obligations are met and much much more!

Features of the Xero software include a VAT overview, extra reports, the ability to post VAT adjustments and submit in real time to HMRC and all of this is included when you become a client through Cobia Accounting.

You will even receive your own personal accountant to help guide you through this, in addition to supporting you through all of your accounting needs.

To find out more about the range of accounting packages Cobia can offer you contact us today at info.accounting@cobia-uk.com or call 01582 390100

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This post was written by Clifford Frimpong