HMRC - Making Tax Digital - Changes for VAT Registered Businesses
The UK government's latest change to tax legislation called "Making Tax Digital" (MTD) will require all VAT registered businesses to start using a recognised and up-to-date accounting package from April 2019. Submission of VAT Returns to HMRC will then happen directly from your accounts software. HMRC are only integrating with software businesses that have over 10,000 clients and even if we had all the antique dealers in the UK that wouldn’t be enough! We are therefore integrating Antiquity with the market leading accounting software Xero. We will also consider other options for future integration, such as Quickbooks. Although the MTD rules start in April 2019, there is a relaxed ''soft landing' 12-month period during which businesses will not be penalised it they’re not ready. HMRC acknowledge that it will take time for everyone to go digital. Therefore you actually have until April 2020 to be fully on board for MTD. However that’s not a reason to delay getting started, but it just takes the edge off the urgency.
Click here for more details about MTD
Soft Landing Exception:
See section 3.2 .1.1 “Soft landing regarding digital links requirements"
We are delighted to be approved and recommended by both LAPADA & BADA
We are delighted to be approved and recommended by both LAPADA & BADA
What our Customers Say
Antiquity in the news
Antiquity were proud to be the primary sponsor of the 2016 LAPADA Conference, written about here in the Antiques Trade Gazette (click here to read the article).