A Dickinson & Co Chartered Certified Accountants

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A Dickinson & Co Chartered Certified Accountants Welcome to ADC Accountants, based in Standish, Wigan.

Providing a personalised, friendly and professional service to local business owners and individuals for over 35 years.

A little present from the Royal Mail!!!!Urgent post but we’ll only deliver once a week!!!Don’t think they will be around...
22/12/2025

A little present from the Royal Mail!!!!
Urgent post but we’ll only deliver once a week!!!
Don’t think they will be around for much longer with this level of service.

20/12/2022

I’m writing to let you know that yesterday the UK Government announced that Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will now be mandated starting from April 2026, rather than from April 2024.
The UK Government understands businesses and self-employed individuals are currently facing a challenging economic environment, and that the transition to MTD for ITSA for the self-employed and small landlords represents a significant change for taxpayers, you as agents, and for HMRC.
That means it is right to take the time needed to work together to implement MTD well, maximise the benefits derived from it, and test and learn as we go.
We will continue to work with you to prepare for the transition to MTD for ITSA, including the testing of the service to ensure that it works for taxpayers and you as agents. You can continue supporting your clients now, by helping them keep digital records and preparing them to sign up ahead of mandation.
I know that speculation last week may have caused you concern and frustration, and providing certainty at the earliest opportunity has been a priority for us. I hope that this update gives you further clarity.
The details announced yesterday, which may be of particular interest to you, include:
• from April 2026, self-employed individuals and landlords with an income of more than £50,000 will be required (mandated) to keep digital records and provide quarterly updates on their income and expenditure to HMRC through MTD-compatible software
• those with an income of between £30,000 and up to £50,000 will need to do this from April 2027
• we anticipate that most taxpayers within the scope of MTD for ITSA will be able to sign up voluntarily before they are mandated to do so
• the UK Government will not extend MTD for ITSA to general partnerships in 2025. The government remains committed to introducing MTD for ITSA to partnerships at a later date, to be confirmed
• the UK Government will review the needs of smaller businesses, and particularly those under the £30,000 threshold before taking further decisions. This will look in detail at how the MTD for ITSA service can be shaped to meet their needs and the best way for them to fulfil their Income Tax obligations. Once that review is complete – and in consultation with businesses, taxpayers, agents, and others – the UK Government will lay out the plans for any further mandation of MTD for ITSA

13/10/2022

CHANGES TO ONLINE VAT ACCOUNTS

From Tuesday 1 November 2022 you will no longer be able to use your existing VAT online account to file your monthly or quarterly VAT returns.
That’s because by law, all VAT-registered businesses must now sign up to Making Tax Digital (MTD) and use MTD-compatible software to keep their VAT records and file their VAT returns.
If you do not sign up for MTD and file your VAT returns through MTD-compatible software, you may have to pay a penalty.
The best way for businesses to avoid penalties is to start using MTD now.
What businesses need to do now, or they could face a penalty
If you haven’t signed up to MTD and started using compatible software already, you must follow these steps now:

Step 1. Choose MTD-compatible software that’s right for you – you can find a list of software, including free options, on GOV.UK.

Step 2. Check the permissions in your software – once you've allowed it to work with MTD, you can file your return easily. Go to GOV.UK and search 'manage permissions for tax software' for information on how you should do this.

Step 3. Keep digital records for your current and future VAT returns – you can find out what records you need to keep on GOV.UK.

Step 4. Sign up for MTD and file your future VAT returns using your MTD-compatible software – to find out how to do this, go to GOV.UK and search 'record VAT'.

If you are already signed up to MTD, no further action is required.

INFORMATION FOR BUSINESSES DUE TO FILE BY 7 NOVEMBER 2022

If your turnover is under the VAT threshold of £85,000 and you haven’t signed up to MTD in time to file your next return by 7 November 2022, you can still use your existing VAT online account for that return only.
However, you must complete the steps above in order to file any returns due after 1 December 2022 if you file monthly or quarterly VAT returns, or you could face a penalty.
HMRC will be contacting these businesses directly to let them know.
Businesses that file annual VAT returns will still be able to use their VAT online account until 15 May 2023.

HOW TO APPLY FOR AN EXEMPTION FROM USING MTD-COMPATIBLE SOFTWARE

If you are already exempt from filing VAT returns online or if you or your business are subject to an insolvency procedure, you’re automatically exempt from MTD.

You can check if you can apply for an exemption on GOV.UK.
HMRC will consider each application on a case-by-case basis.

Address

15 Market Street
Wigan
WN60HW

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441257423114

Website

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