Making Tax Digital – What You Need to Know

Making Tax Digital (MTD) is HMRC’s move towards digital tax reporting.

VAT-registered businesses are already affected, with income tax requirements following in future phases.

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What Making Tax Digital Means in Practice

MTD requires businesses to keep digital records and submit information using compatible software.

This represents a shift in how records are maintained and reported.

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Who Is Affected

• VAT-registered businesses
• Businesses that will fall within future MTD phases

Preparing early makes the transition far easier.

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How We Can Help

We help clients choose suitable software, set up digital records and prepare for MTD well ahead of deadlines.

Learn more about our cloud accounting support by contacting us.