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
June 8, 2026
Why every growing business needs a business plan
You have the idea, the energy, and maybe even your first customers. So why slow down to write a business plan? It can seem like something banks ask for, but not something that really helps you run your business.
read article
June 4, 2026
Temporary VAT reduction on children’s meals, tickets and family attractions
The government has announced a temporary reduced rate of VAT for children’s meals in restaurants and family leisure activities over the summer.
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