Reading blocks of text or watching videos isn't ideal when you need a quick tip. So, we're happy to introduce Smart Tips to the QB Community!
Smart Tip 1:
Not sure if you have successfully signed up to MTD with HMRC?
HMRC will send you a confirmation email within 72 business hours of signing up to Making Tax Digital. If you pay VAT by direct debit, you cannot sign up in the 7 working day window leading up to the payment deadline or the 5 working days after sending a VAT return.
Smart Tip 2:
Get ready for MTD in QuickBooks
You’ve probably been using QuickBooks to prepare your VAT return but have been filing your returns directly with HMRC.
Have a few minutes to spare? Log in to QuickBooks and mark your returns as filed. Remember to check the dates and make sure they match the dates that you previously reported to HMRC.