HMRC is modernising the UK tax system by “Making Tax Digital”. They’ve already done it with VAT and Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is next. What will it mean? No more annual Self Assessment tax returns for most. But if you’re affected, you’ll...
What could this mean for you? If you’re a sole trader, you’ll have to start keeping digital records (if you’re not already) and submitting quarterly tax information to HMRC from April 2026 if you have income above £50,000 or April 2027 if you have income above £30...
The Sage Making Tax Digital for Income Tax Self Assessment hub covers everything you need to know from key deadlines, to getting MTD-ready with our HMRC recognised accounting software. Make MTD simple, get started today.
not all business software is MTD-compatible, in particular it may not use the correct, HMRC-compliant XML/XBRL tagging for items of financial data. The difference with Making Tax Digital for Income Tax compatible software is that it will be capable of: ...
Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined ... 9m Accountancy Age Embarking on modernisation: HMRC launches MTD ITSA... HMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly ...
At FreeAgent we’re fully committed to being ready for the next stages of Making Tax Digital, and our software is already HMRC-recognised for MTD for Income Tax for businesses. Working together with HMRC FreeAgent will continue to work closely with HMRC as Making Tax Digital rolls out. We’...
英国税局强制实施MTD申报 MTD全称Making Tax Digital,中文翻译:电子化税务申报。是英国海关税务总署(HMRC)为实现税收返还和税务改革颁布的增值税税务数字化政策。是英国政府为实现税务数字化一项举措,推行MTD...
Making Tax Digital for Income Tax is part of the UK government’s long-running plans to digitalise tax. Doing so makes life easier for individuals and businesses who, because their records are digital, get improved visibility into their finances. This empowers better decision-making and the abil...
Connect Xero to HMRC HMRC will email to confirm you’re signed up to MTD for VAT. You can then connect HMRC digital tax with Xero. Use the correct VAT filing Use the MTD VAT return, and submit it to HMRC directly from Xero.
When you upload your data to us, we only read your summary figures HMRC needs for tax digital submissions. We do not use or store any of your underlying financial data.We do not see or store any of your credit card details either. For your annual licence payment, you are re-directed ...