There are big changes afoot in the world of digital taxation, as the Government prepares to roll out its Making Tax Digital initiative to more taxpayers in the years ahead.
This expansion of the scheme will mean that many more taxpayers are affected by the recording and reporting requirements of MTD – including the need to produce up to five ‘returns’ a year.
As part of the requirements of this initiative, many businesses, landlords, partnerships and the self-employed will need to use MTD-compliant software from April 2023 if they don’t already.
Thankfully, our team are here and ready to assist taxpayers as they begin their preparation for MTD.
There are thousands of cloud solutions and applications to choose from, but we’ll tell you which ones are worth your time and which to avoid – saving you time and money.
If you would like to arrange an MTD consultation with our team, please contact us today!