AIMS Accountants Quarterly Update – February Edition: All about Making Tax Digital, VAT and recent news!

/ Quarterly Updates, SME, VAT

Author: Henry Ejdelbaum

Tags: Quarterly Update - February 2022

Welcome to the February Quarterly Update from AIMS and on this first 2022 edition!

Now that the new year buzz and tax returns have passed, we dive into the new tax year with fresh business topics in mind.  By the way, if you haven’t submitted your Self-Assessment, we can still help you do a late submission but with penalties, so let us know!

One of the topics included in our current edition is the Making Tax Digital (MTD) information but what is changing now? from April 2022, it will become mandatory for all VAT registered businesses, regardless of what the businesses turnover is.

On this edition we provide all our readers with thorough guidance on what the new Making Tax Digital (MTD) means, details on how to register for VAT and our summary of recent news since the last November edition. To read our full Quarterly Update visit here.

For more information contact your local AIMS accountant. AIMS has been helping businesses for nearly 30 years across the UK in different sectors and businesses of all sizes. If you haven’t joined us and are currently looking for an accountant, get in touch today!