This practical masterclass will demonstrate how digital accounting software such as Xero can be used by owner-managed businesses, accountants and bookkeepers in order to comply with HMRC’s Making Tax Digital (MTD) requirements.

All VAT registered businesses and organisations with taxable turnover exceeding the VAT threshold are now required to:  

1. Maintain their accounting records digitally in an accounting software or spreadsheet. Maintaining paper records will cease to meet the legal requirements in tax legislation.  

2. Submit their VAT returns to HMRC using MTD compatible software. 

FROM 1 APRIL 2022 ALL VAT Registered businesses must follow MTD rules regardless of turnover which will in due course be extended to ALL UK businesses. 

What you will Gain

1. Understand how to comply with HMRC’s MTD requirement to maintain accounting records digitally  

2. Better manage your business by having 24/7 access to digital records and Key Performance Indicators 

3. Save on accountancy fees by preparing and submitting the VAT Return to HMRC yourself. 

About the Presenter

Raj Grover Senior Lecturer, London School of Accountancy And Xero Certified Advisor. 

Raj is a Chartered Accountant with over 25 years of auditing, accounting and taxation experience. Prior to setting up his own accountancy practice, Raj trained and qualified with BDO Binder Hamlyn, the international firm of chartered accountants. Raj has been a lecturer at Thames Valley University (now University of West London) and has trained up 1,000s of businesses. Raj is quickly able to impart his practical skills and has assisted numerous businesses in embracing digital accounting. He is passionate about ensuring that owner-managers are MTD ready.  

London School of Accountancy provides digital accounts training in various cloud accounting software including Sage, Xero, QuickBooks and FreeAgent.