Making Tax Digital (MTD) is HMRC’s initiative to digitize the UK tax system. If you haven’t already transitioned, here’s everything you need to know.
What is MTD?
MTD requires businesses to keep digital records and submit tax returns using HMRC-compatible software. It’s being rolled out in phases across different tax types.
Who Does It Affect?
MTD for VAT is already mandatory for all VAT-registered businesses. MTD for Income Tax Self Assessment (ITSA) is coming next, initially affecting self-employed individuals and landlords with income over £50,000.
What Software Do You Need?
You’ll need HMRC-recognized software such as Xero, QuickBooks, FreeAgent, or Sage. We can help you choose the right option for your business and handle the entire setup process.
How We Can Help
Our Making Tax Digital team has helped hundreds of businesses transition smoothly. We handle software selection, data migration, staff training, and ongoing compliance monitoring so you can focus on running your business.