Making Tax Digital (MTD) is a vital part of the Government’s plan to make it easier for individuals and businesses to get their tax right and keep on top of their affairs through a fully digital tax system. From 1 April 2019 MTD compliance became mandatory for most VAT registered businesses with a taxable turnover above the current threshold (£85,000), and the next phase of MTD for VAT is coming into force on 1 April 2022.

If you are preparing your VAT return manually or using a computerised spreadsheet you will have to change to submitting your VAT return online to comply with Making Tax Digital legislation. Businesses submitting their VAT returns via recognised accounting software will have to verify if their version of the product will comply with this new requirement.

At Gareth Hughes & Co Ltd we work closely with digital software providers such as Xero and SAGE and we will be able to assist you to put in place accounting software that is suitable for your business, and that will enable you to meet the requirements of Making Tax Digital.

Get in touch with us for a consultation if you would like to discuss Making Tax Digital in more detail and what it means for your business.

Xero VAT online

Click below for more information on how the online VAT processing in Xero works.

Sage VAT online

Click below for more information on how the online VAT processing in Sage works.

“Running a business is a demanding task which is why Rupert Bradley, the owner of Coastal Carpets, appreciates the relaxed relationship he enjoys with the Gareth Hughes & Co team.”

“Cambrian Photography in Colwyn Bay is a familiar name with photography professionals and enthusiasts across North Wales. The largest photographic retailer in the region, the family-run business has been looking after the needs of photographers since 1946, developing its range of services over the years to include repairs, equipment hire, framing, photo studio facilities, photography courses and commercial, portrait and wedding photograp

“Optical Tools for Industry is a small firm with a long reach. Over three decades, the firm has built up an impressive reputation in the highly specialist field of manufacturing and designing optical test equipment and now sells its measurement and inspection solutions as far afield as China and the USA. The Ruthin, Denbighshire-based company, which was founded in 1975, was the subject of a management buy-out in 2005, which led to the start of its relationship with Gareth Hughes & Co.”

“Defining dyslexia is simple – difficulty in reading, writing and spelling correctly, according to the dictionary – but it is a complex condition that is likely to have a lifelong impact on anyone that it affects. For thousands of children diagnosed with dyslexia, the innovative work of Xavier Educational Software, based in the School of Pyschology at the University of Wales, Bangor, has played an important part in their education.”

“Everything I want from an accountant”: that’s the verdict on Gareth Hughes & Co from Phil Arundale. Phil is the latest of several generations of his family to supply local shoppers with fruit, vegetables, fresh fish and game at the long-established Colwyn Bay business Arundales. Arundales was founded in 1887 and originally started life selling fish and game, adding fruit and vegetables some 50 years ago. Today Phil and wife Wende have branched out to offer fresh produce boxes, with a focus on seasonal availability, and a delivery service for customer orders.”

“When you’re running a business, working with people you like and respect makes life much easier. That applies as much to professional advisers as to immediate colleagues. Martin Bastable, who has run Bastable Upholstery Llandudno Limited in Colwyn Bay since 2005, is no exception to that rule. He decided very quickly that Gareth Hughes was someone he could work with successfully – “within the first 30 seconds of meeting him”, he says – and several years later, that first impression has been proved right. Martin says: “He’s effortlessly professional. I couldn’t recommend him highly enough.”.”

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