“I’m so worried about missing the new deadlines. Do I need an accountant to do this stuff?”
That’s totally understandable – but these quarterly reports are really straightforward. There’s also a ‘soft landing’ period for your first year of MTD, meaning that if you file a quarterly report late, you won’t be fined.
If you’ve already got an accountant, you can keep leaning on them for your annual self-assessment submission – these are the numbers HMRC takes as gospel, and penalties will still apply if you file this submission late. But for your quarterly reports, you should be able to do these yourself, just by using HMRC-recognised software – like ours.
We know change is daunting, especially when it involves the taxman. But we’re here to help – so you can spend more time looking at your next business goal, and less time sifting through old receipts.
*See The Times, The Mirror, The Chronicle
Terms and conditions will apply to the use of Starling Accounting (coming soon).
The content and materials featured or linked in this article are for your information only and are not intended to address your particular circumstances or requirements. This information does not constitute advice in any way and should not be taken as such. If you have any questions, we recommend that you contact HMRC or speak to a qualified accountant, financial advisor and/or tax advisor.
