Making Tax Digital (MTD)

MTD is the HMRC’s new digital reporting rule for all VAT registered businesses that is designed to make the UK tax system more efficient for taxpayers.

Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system that affects how businesses maintain their accounting and tax records and how they transact and communicate with HMRC.

MTD makes it mandatory for VAT-registered businesses above the £85k threshold to keep records and submit VAT returns digitally using HMRC-recognised software.

Records must be kept digitally which means either using MTD-approved accounting software, or spreadsheets that are compatible with accounting software APIs, to facilitate the data to flow from the business to HMRC (and vice versa).

Supporting you with MTD

As you would expect, our bookkeeping and accountancy services are fully compliant with MTD and we can help your business move to an easy-to-use digital system and advise on best practices to help your operations.

We recommend Sage for accounts package solutions and can provide you with access to cloud-based solutions or desktop software.

We also offer Sage training to help support your business with how to use Sage software, whether you are looking to improve on your current staff knowledge or need training on a new system.

Contact us to see how we can help your business – email or call 01908 561 770

How we can help

  • We will find you suitable software
  • Providing training on MTD
  • Share accounting best practices with you
  • Assist you as and when you need accounting advice

Complete the contact form to find out more.