What is Making Tax Digital?

April 2019 saw HMRC introduce the much talked about Making Tax Digital on VAT.

This doesn’t have to be overwhelming though and Company Formations 247 have partnered with Cobia Accounting to take the stress away from you.

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

We have partnered with Xero as an accounting software provider. Xero is listed by HMRC as providing software that is compatible with MTD for VAT to ensure that all your obligations are met and much much more!  If you form a company with us you will be given the option to sign up for Xero for free.

Features of the Xero software include a VAT overview, extra reports, the ability to post VAT adjustments and submit in real time to HMRC. Our accountancy partner Cobia Accounting will explain all this to you in your free introductory session. When you form a company with us you will automatically get a free month trial with 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.