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MTD – Making Tax Digital

Making Tax Digital, set up once and run properly

HMRC is moving tax reporting into software and onto a quarterly rhythm. We choose the software, move your records across, and file the submissions.

ICAEW Chartered AccountantsICAEW Chartered Xero Gold Partner Making Tax Digital Ready Google Client reviews

The service

Digital records, kept as you go

Making Tax Digital is HMRC's programme for moving tax reporting off paper and out of spreadsheets. Instead of one annual return assembled from a shoebox of receipts, records are kept in compatible software and submitted digitally through the year. It already applies to VAT-registered businesses, and it is being extended to income tax self assessment for the self-employed and for landlords.

For most businesses the change is less about tax and more about bookkeeping. The figures HMRC wants are the figures you should have anyway — what came in, what went out, and what the VAT position is at any point. MTD simply means they have to be recorded as you go, in software that can talk to HMRC, rather than reconstructed at year end.

We set that up and then run it with you. That means choosing software that fits how the business actually works, moving existing records across without losing history, and making the quarterly submissions on time. As a Xero Gold Partner we do a good deal of this work, but we are not tied to one package — the right choice depends on the business, not on us.

Tax records and a laptop on a desk, part way through a quarter

What it means for you

The difference a chartered accountant makes

  • Compliant without thinking about itThe records are kept the way HMRC requires as part of the normal bookkeeping, not as a separate exercise.
  • You know where you stand mid-yearQuarterly figures mean the tax position stops being a surprise that arrives months after the year has ended.
  • Less to reconstruct at year endRecording as you go removes most of the January scramble, and with it most of the errors that come from it.
  • Software chosen for the business, not for usWe are a Xero Gold Partner and work in it daily, but the recommendation depends on how you actually operate.

What's included

Everything covered as standard

Ask about your business

Compatible software, chosen for you

Help picking an accounting package that suits your business, its needs and your budget, and that meets HMRC's requirements.

Set-up and migration

Your existing records moved across and opening balances agreed, so the history is not lost when the software changes.

Digital record keeping

Income and expenditure recorded as it happens, reconciled regularly, and kept in the form HMRC expects.

Quarterly submissions

The periodic updates prepared from your records and filed on time, so the deadlines are managed for you.

MTD for VAT

VAT returns prepared and submitted digitally, with the records behind them kept straight through the quarter.

Training and ongoing support

Someone to ask when the software does something unexpected, and a named client manager who knows your business.

How it works

A simple, structured process

1

Look at what you have

We start from your current records and software, not from a product we want to sell you.

2

Set up and migrate

Compatible software chosen, records moved across and opening balances agreed, so no history is lost.

3

Run it quarterly

Records reconciled through the year and the periodic updates filed on time, with someone to ask when you need one.

Areas we serve

Making Tax Digital across Hampshire and the South

Making Tax Digital lands differently depending on how a business keeps its records. A sole trader working from bank statements needs a different answer from a limited company already running payroll and VAT through software. We look at what you have before recommending anything.

The work itself is ordinary bookkeeping done properly and on a schedule: records kept as the year goes along, reconciled regularly, and submitted when they are due. Your client manager is the same person throughout, so nothing has to be explained twice.

Also covering

  • Southampton
  • Portsmouth
  • Southsea
  • Winchester
  • Eastleigh
  • Romsey
  • Totton
  • Hedge End
  • Fareham
  • Chandler's Ford
  • Locks Heath
  • Lyndhurst
  • Gosport
  • Havant
  • Waterlooville
  • Fair Oak
Find your nearest office

Why choose Mandair & Co

Why clients let us run their MTD

Talk to an accountant

Personal client manager

Although we are a small practice we take a great interest in all of our clients. Each client is allocated a client manager to assist with all your business queries, so we understand your business and its needs.

Complete peace of mind

Trading since 1999, with trained staff and the reassurance that your accounting is in good hands. As a firm we are members of, and regulated by, the Institute of Chartered Accountants.

Value for money

We offer flexible pricing to suit you and your business. There are no hidden costs and all fees are agreed, so there are no nasty surprises. Payment can be arranged by the hour or on a fixed-fee basis.

Regulated & accredited

ICAEW Chartered Accountants

Frequently asked questions

MTD – Making Tax Digital

Still not sure? Call the office nearest to you — we will give you a straight answer before you commit to anything.

Ask us a question
Does Making Tax Digital apply to me?
It already applies if you are VAT registered. It is being extended to income tax self assessment for the self-employed and for landlords, with the date depending on your income. If you are not sure where you fall, ask us — the first conversation is free.
Do I have to change my accounting software?
Only if what you use now cannot submit to HMRC. We look at what you already have before recommending anything, and move your records across if a change is needed. We are a Xero Gold Partner and work in it daily, but the right package depends on your business.
What does the quarterly reporting actually involve?
Keeping your records in compatible software as the year goes along, and sending HMRC a periodic update from them. We prepare and file those updates from your records, so the deadlines are managed for you.

Free initial consultation

Talk to us about Making Tax Digital

Tell us what you need and we will tell you what it involves and what it costs — before you commit to anything.

  • Software supportHelp and guidance on an accounting package to suit your business, its needs and your budget.
  • A personal client managerEach of our clients is allocated a client manager to assist you with all your business queries.
  • A free initial consultationBook your free initial consultation with our team.

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Est. 1999 · Over 25 years in practice

Book your free initial consultation

Tell us where your business is now and we will tell you, plainly, what we would do about it — before you commit to anything.