Home

About Us

Services

Address

Business Hours

We are committed to delivering the highest level of professional competence and expertise at a cost effective price. Whether you are a company, partnership, sole trader or a sub-contractor, we are here to help you with your accounts, self assessment, etc.

352 Herringthorpe Valley Rd

Stag, Rotherham

S60 4LA

e: info@branagans.co.uk

t: 0800 043 1427

Please feel free to visit or contact us during the following times:

Monday-Friday*  :

*Please contact us if you require an out of hours appointment

9AM to 5PM

© 2019 Branagnas Accountancy Services Ltd | Company Number: 5965462 | VAT Number: 917 8490 87

HomeHome

BRANAGANS

Accountancy Services Ltd

Home About Services Testimonials Contact

0800 043 1427 | 01709 327 215 | info@branagans.co.uk

Making Tax Digital is the process to implement HMRC's plans to modernise the tax system, by providing businesses with a modern streamlined system to keep their tax records and provide information to HMRC.

MTD for businesses is being introduced tax by tax, not by business size or type.

The first to be affected will be small businesses and individuals with a turnover above the VAT threshold of £85,000, who will be required to keep digital records and file their VAT returns electronically using MTD-compliant accounting software. Manual submission through the HMRC online services for VAT will no longer be accepted.

What is it?

Making Tax Digital is intended to help you keep a better track of how much tax you owe - or how much you are due back - throughout the financial year.

Accurate Tax Information

Replacing paper-based bookkeeping with digital tax accounts will let you check the information HMRC holds about you is 100% correct.

Reduced Errors

Making Tax Digital's new reporting function will allow HMRC will to look at your tax information almost immediately, reducing human error from data input.

Easier to understand

HMRC anticipates taxpayers will better understand how much tax is owed within the digital tax account - much like online banking.

Easier contact with HMRC

Making Tax Digital will make it easier for you to contact HMRC online via webchats and secure messages.

All our staff here at Branagans Accountancy Services Ltd are capable of assisting you with your accounting requirements to ensure you and your business are fully compliant with Making Tax Digital.

Why is HMRC introducing it?