Simple Guides to Making Tax Digital, Cloud Accounting, Data and APIs

"HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world, modernising the tax system to make it more effective, more efficient and easier for customers to comply."

Taken from the www.gov.uk/ website as at 15.8.19 (link here)

Did you know that from April 2019 Making Tax Digital (MTD) for Business systems will become mandatory to meet your VAT obligations?

This means that any entity, whether a sole trader, partnership, company, charity or landlord that makes VAT-able supplies above the VAT threshold (currently £85,000 turnover), will be required to submit their VAT return using functional compatible software that is compliant with HMRC’s new MTD reporting system. The Government’s main objective of MTD is to plug the £3.5bn gap that is generated by mistakes made on VAT returns whilst also saving time for both HMRC & taxpayers.

So the digital revolution is coming and it will affect you and your business, even if not right now, in the near future. Already we control our own personal accounts and finances online. We nearly all use online banking, credit checkers and perform BACS payments. Nearly all of us agree it does make our life easier and makes information quicker and easier to obtain. So why should we be treating our businesses any different?

Who is it for?

If you fall above the VAT registration threshold or will have done by April 2019; want to get ahead of the game or feel you just want to know more and ask questions of those who can advise you, then this is definitely the event for you.

Our informative and engaging specialists will help debunk the myths surrounding MTD and demystify Cloud Accounting, showing you how it works, what benefits it will bring to you and your business and how simple it can be to use.

Alongside this they will help you understand the new applications available to assist businesses manage and control their finances. There is a world of options and opportunities out there and our digital specialist will help identify a few and highlight their strengths and weaknesses and show you how to assess their suitability for your needs.

With demonstrations of different processes and software alongside the facts, our team hopes to present you with a fair and honest presentation of MTD, Could Accounting, Data and Business APIs.

Take this chance to get a great overview of the online financial revolution which can benefit your business and ask questions of our experts during and after the event.

Content

Agenda for the Day:

09:15-09:30 Registration, Tea, Coffee & Networking

09:30-09:40 Welcome, New Anglia Growth Hub, Who Are We and How Can We Help You (10 mins)*

09:40-10:20 Understanding Digital - Data and APIs (40 mins)*

10:20-11:00 Making Tax Digital (40 mins)*

11:00-11:15 Refreshment Break

11:15-11:30 Cloud Accounting Demonstration (30 mins)*

11:30-12:10 Cloud Applications (40 mins)*

12:10-12:30 Q&A (20 mins)*

12:30 Close

*This event will deliver 3 hours of information, diagnostic and brokerage (IDB*) delivery. This event is only able to be free due to ERDF Funding.

FAQs

I want to book for more than one person from my company?

Due to the popularity of these events, we are only able to allow two-person per company to attend. However, please email naghmarketing@newanglia.co.uk, if you wish a colleague to attend as well and if we have cancellations we will notify you immediately on a first come, first served basis to offer another ticket.

What are my transport/parking options for getting to and from the event?

Parking is available on site at the venue.

How can I contact the organiser with any questions?

Please email naghmarketing@newanglia.co.uk if you have any questions or queries.

What will be done with the information I supply?

Your information will be stored on Eventbrite according to Eventbrite's terms and conditions. Upon arrival you will be required to sign in on our attendance sheet, this is to provide evidence of your attendance and will be kept on a server as evidence for our ERDF funding. After your attendance will be stored on the secure Growth Hub CRM system. This is required in order to provide evidence of your attendance and eligibility for the course. This will be kept to the statutory dates any only accessible to Growth Programme and authorised personnel. If you request further contact from an adviser post this event they will use this information to contact you and log any future interactions, again to evidence for ERDF funding.

Your information will not be given to any third parties without your permission.

Any paperwork completed by you for the course is yours to keep unless you wish the trainer or the Growth Hub to hold these for you, for which we will ask you to sign.

State Aid Declaration

This event is delivered, free of charge, to SMEs (SME is defined as an Enterprise with fewer than 250 employees and has either an annual balance sheet not exceeding 43mEuro or Annual Turnover not exceeding £50m) other restrictions may apply. This support is being provided as de minimis aid under EC Regulation 1407/2013 (De Minimis Aid Regulation). The value of this support has been calculated as £150 or €168.28 (as at December 2018).

Please note: This is not a request for payment; we are merely required to notify you of the value, which will be relevant if you wish to apply or have applied for any other de minimis State Aid in the future. There is a ceiling of €200,000 for all de minimis aid provided to anyone organisation over a three fiscal year period (i.e. your current fiscal year and previous two fiscal years).