Originally announced in the spring 2015 Budget, Making Tax Digital (“MTD”) will modernise the UK tax system through the use of digital data. This will make HMRC the most efficient tax authority in the world.

MTD Fact Sheet

MTD Income Tax Fact Sheet 

MTD Fact Sheet 

MTD Fact Sheet 

Digital Tax accounts will replace Income Tax Returns. This will affect millions of businesses and individuals. A digital tax account brings together each taxpayer’s details in one place, it will allow businesses and individuals to view their tax affairs in real-time and see how their tax liability is calculated.

Yes, “Agent Access” will enable you to authorise us to access your digital tax account, allowing us to prepare and submit quarterly and annual reporting on your behalf.

The big change is that all businesses and certain individuals will be required to make quarterly submissions to HMRC. In order to achieve this your business records will need to be in a digital format. There are a number of options available to you and we are here to help you decide on the most appropriate solution for your business and you as an individual.

If you currently do no use any form of computer software to prepare your reporting, or you are unsure if your current software is sufficient, please contact us to discuss your options in more detail.

For any further information or assistance, please do not hesitate to contact us:

Phone:           01289 302463

Email:             enquiries@jhgreenwood.co.uk

Website:         www.jhgreenwood.co.uk