Welcome to Khushkam Limited Clear | Concise | Jargon Free

Those are the underlying ideals that provide Khushkam Limited, an established practice in Harrow, with its core values.

The aim is to provide an all-inclusive service for small and medium sized businesses in and around London and the South East. The director Sangita Patel has over 23 years of experience working with many different small and medium businesses and can advise on a range of issue. We are fully committed to providing an individual service to all clients that is tailored to meet their needs. In these times of economic hardship it is important that businesses and individuals know exactly what their outgoings are going to be, so for this reason we offer a fixed fee service with no nasty surprises.


News Read all about it

Thumbnail image

View our news for today's headlines, latest news for business, and the most pressing hot topic.

Our news

Resources Tax tips at your fingers

Thumbnail image

Access to really useful resources including: calculators, tax rates and allowances.

Learn more

Get in touch We'd love to hear from you

Thumbnail image

Contact a member of our team to arrange a free initial consultation.

Learn more

The current hot topic

Making Tax Digital for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. The first area to be affected by MTD will be VAT with the new rules being implemented from April 2019.

Under the regulations, businesses with taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using ‘functional compatible software’. These new regulations take effect for VAT return periods beginning on or after 1 April 2019.

HMRC has published VAT Notice 700/22: Making Tax Digital for VAT. This Notice defines ‘functional compatible software’ and the transaction-level data that needs to be recorded and retained within the software.

Under the new MTD regulations, businesses will have to use ‘functional compatible software’. This means a ‘software program or set of compatible software programs which can connect to HMRC systems via an Application Programming Interface (API)’. This must be capable of:

  • keeping records in digital form as specified by the new rules
  • preserving digital records in digital form
  • creating a VAT return from the digital records held in compatible software and submitting this data to HMRC digitally
  • providing HMRC with VAT data on a voluntary basis
  • receiving, via the API platform, information from HMRC to ascertain compliance.

MTDfV is coming soon and we are here to help you prepare.

Home | Contact us | Site map | Accessibility | Disclaimer | Help | powered by totalSOLUTION

Khushkam Limited, Unit B2, Livingstone Court, 55 Peel Road, Wealdstone, Harrow, Middlesex HA3 7QT
© 2018 Khushkam Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here.