Thinking

From April 2019, the first part of the government’s Making Tax Digital (“MTD”) initiative will be rolled out.This means that all businesses above the VAT threshold of £85,000 will need to file VAT returns online using HMRC compatible software.

How we can help

We’re already preparing and filing quarterly VAT returns for a number of our barrister clients. If you’re part of that group, you don’t need to do anything at all. We will make sure that, when the time comes, you’re fully compliant without any changes to your current routine.

For the rest, who handle their quarterly VAT work …

This post is inspired by a recent conversation with a friend. Like so many Millenials, her primary financial ambition is to become a homeowner.

However, unlike many of our contemporaries, she has the means. Cash for a deposit is available; a mortgage has been agreed in principle; an appropriate location has been identified. She’s fortunate to be in this position — but, she hasn’t taken the ‘plunge’; and, curiously, appears to be in no hurry to join the ranks of the homeowners.

When I called her out on her hesitancy, she took a deep pause and declared, with an air …