Making Tax Digital
Making Tax Digital (MTD) is changing how businesses report tax. We help you stay compliant with MTD for VAT and prepare for MTD for income tax.
What is Making Tax Digital?
Making Tax Digital requires many businesses to keep digital records and submit tax information using compatible software. MTD for VAT is already in place for most VAT-registered businesses; MTD for income tax will extend similar rules to self-employed and landlords.
MTD for Small Businesses
Small businesses need to use software that can connect to HMRC for MTD. We advise on suitable packages (including those that work with bookkeeping and payroll) and can handle submissions on your behalf so you stay compliant.
Frequently Asked Questions
What is Making Tax Digital? ▼
Making Tax Digital (MTD) is HMRC's initiative to move tax reporting online. MTD for VAT already applies to many businesses; MTD for income tax is being rolled out and will require digital record-keeping and quarterly updates for some taxpayers.
Do I need to comply with Making Tax Digital? ▼
VAT-registered businesses above the threshold must use MTD-compatible software for VAT. MTD for income tax will apply to self-employed and landlords above certain income thresholds from a future date. We can advise on your obligations.
How can Accuprime help with MTD? ▼
We help businesses choose and use MTD-compliant software, submit returns correctly and stay ready for future MTD changes including MTD for income tax.