Welcome to Gillespie Inverarity & Co Limited

For Gillespie Inverarity & Co (Fife) Limited please follow Fife

As your Business Adviser we are members of your team focused on your results and your future. We will show you how to succeed not just how to do your accounts.

Our stress free approach to handling your affairs and no surprise fixed fee packages will help you budget effectively and use our services without hesitation, like an extended finance arm of your business.

Read more about our services, learn more about us and make an informed decision before you contact us.


ServicesIndividuals & Businesses

We have a range of accountancy and support services to suit all your needs.

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Resources Interactive tools & factsheets

Our factsheets and resources give you vital information at your finger tips.

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Looking for a forward thinking accountant to help you and your business to grow and prosper long term?

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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.