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Making Tax Digital

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.

 

HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it is:

 

  • more effective
  • more efficient
  • easier for taxpayers to get their tax right

 

Currently all VAT registered businesses are now required to follow Making Tax Digital Rules by keeping digital records and using software to submit their VAT returns. 

 

This is being extended to all Self-employed businesses and Landlords with annual business income of above £10,000 from April 2024.

 

We can help ensure your business is Making Tax Digital Compliant, Our Bookkeeping and VAT services will ensure your records are held digitally and submitted to HMRC electronically using approved software. 

 

If you are not yet ready for Making Tax digital contact us below or see our software page for some hints and tips to help you get started.