Technology services
MTD and the cloud
If your business is VAT registered, you must submit your VAT returns digitally, using approved HMRC software. When Making Tax Digital (MTD) first came into force, HMRC allowed businesses additional time to put in place digital links.
This soft landing came to an end in April 2021. Since then, HMRC has been issuing penalties for not keeping complete and ‘adequate’ digital records for VAT returns – which means copy and paste data is no longer sufficient.
Additionally, from 1 April 2022, many more businesses need to comply with digital reporting requirements. If your business is registered for VAT, regardless of turnover you MUST sign up for MTD.
LATEST NEWS FROM Bishops
April 27, 2026
Shared Office Spaces Being Hit by Increased Business Rates
Recent changes to the way co-working spaces are assessed for business rates are causing considerable concern in the business community. Some estimate that the changes amount to a £600 million stealth tax raid.
read article
April 23, 2026
Valuing Your Business: What Buyers Look for and What You Can Do About It
If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”
read article
Love what we do? Let the world know by leaving a review on Google! Your feedback helps us grow and serve you better. Share your thoughts now and be a star in our story!
Share your experience now