If you’re a VAT-registered business, the word ‘tax’ might have a bit of a negative connotation, but if you’re a member of Courier Exchange, the platform’s very handy (not to mention user-friendly) ‘Accounting’ feature goes a long way to helping you stay in control.
How? Well, in addition to being able to fully integrate with the most popular accounting programmes, like Sage, Quickbooks and Xero, HMRC has now approved our freight exchange software as MTD (Making Tax Digital) compliant. Your life just got a whole lot easier…
Making Tax Digital
While the aim of the Government’s MTD initiative is written all over the tin, for some of us it might seem easier said than done. But it’s actually designed to make keeping on top of all your VAT issues easy and to ensure you don’t fall foul of compliancy. The buzz words HMRC uses include ‘effective’ and ‘efficient’, and through the MTD initiative, they’re committed to making fundamental changes to the way tax administration works.
In a nutshell? As the name suggests, the Government now requires any operator/business whose turnover exceeds the VAT threshold to maintain records and submit returns digitally.
CX Has Your Back
That’s all very well of course, but it’s got to work at a grassroots level for it to work for us, right? As the UK’s fastest-growing freight exchange, CX is committed to working with our members to ensure you can grow your businesses as effectively and efficiently as possible (we can use those big words too, HMRC!), without any unwanted stress.
A huge number of our members have taken up use of the CX accounting software feature and, because it’s completely compliant (with MTD), we’re now fully approved by HMRC. And proud of it.
So now, not only can you use it to manage invoices and PODs with the touch of a button on your smartphone, it’s now going to make your VAT returns an absolute breeze. So, if you’re not a member of CX, there’s never been a better time, because who doesn’t want an easier life?
Membership to Courier Exchange not only gives you access to real-time available loads and a virtual fleet of drivers for sub-contracting work, but you also get full use of our innovative accounting software system and many other valuable features. Take your business to the next level with the UK’s fastest-growing freight exchange.
Stay ‘in-the-loop’ with the latest news, products and services from Courier Exchange.
Well, it appears I may have to eat a small serving of my words this week. Why am I embarrassed, you might ask? Well, if you were paying attention you'll know that last week I published a post about how I was glad owner driver jobs were becoming more popular in order to offer some healthy competition to Royal Mail. I was saying I think it's a lesson for the Post Office not to get smug and to actually update their prices.Read the full article
In 2014 we updated and formalised our rules regarding the use of non-standard vehicles for delivery work contracted through the Exchange. Here’s a quick and handy reminder of those rules.Read the full article
Not many sleeps left until Christmas now and I'm so excited I can barely contain myself! And because I know all (or at least some) of you will be in as festive a mood as I am, I thought I'd do a little throwback with my post for this week and go for a more light-hearted topic, like we used to have back in the day! It IS Christmas, after all – 'tis the season of merriment and cheer!Read the full article
Talk to us! On the phone, online or in person… we’re here to help.