VAT threshold

[Grandad Gaz]

I have been vat registered for over 25 years now, but for the last few it’s just a couple of days here and there. Sort of semi retired. Hence I am currently under the threshold for having to do the digital stuff where you need the approved software.

I now have the option of a fairly big job for a large company, which will put me over the current £85k threshold, but cannot decide whether it’s worth the hassle or not.

As things stand I plan to finish work for good before Christmas anyway.

Is there a way I can legally do this work and still not have to worry about this new vat system?

Thanks

[MOBB]

Have a look into bridging software, I believe that there are some simple cheap spreadsheet options for filing MTD

[Grandad Gaz]

Thanks. I will look into it.

[anonymous-user]

Pay your accountant to do it as a one off?

[Heres Johnny]

keirik said:

Pay your accountant to do it as a one off?

Its not a one off, its every quarter

I've installed the VitalTax excess plug in, think its free for a year then a quid a month, not had to use it in anger yet (soon will) but when I looked that was the one I settled on.

Be interested if you find others.

[BigBen]

I just did my first MTD return using www.taxoptimiser.co.uk. Was more or less as simple as the old way, possibly easier as the spreadsheet I used worked it out for me anyway.

Ben

[anonymous-user]

Heres Johnny said:

keirik said:

Pay your accountant to do it as a one off?

Its not a one off, its every quarter

I've installed the VitalTax excess plug in, think its free for a year then a quid a month, not had to use it in anger yet (soon will) but when I looked that was the one I settled on.

Be interested if you find others.

Yes every quarter but you said you were shutting down at Christmas so at worst it should be only twice

[red_slr]

There is a guy on here who has written an excel script to do it and IIRC charges are very reasonable

[Hobo]

To be honest, with accounts systems like Xero, Vat is hardly a chore nowadays, nor is payroll, etc.

Circa £10.00 per month fee and it's a piece of cake. Just a few codes to type in, and your off. Makes your invoice tracking easier, automatically chases payments, reconciled your business account, etc, etc.