Making Tax Digital

Making Tax Digital (MTD)

Making Tax Digital (MTD) is HMRC’s initiative to modernise the UK tax system by requiring businesses and individuals to maintain digital records and submit information electronically.

At BP Accounting, we help sole traders and businesses remain compliant with MTD requirements by providing support with digital bookkeeping and cloud accounting software.

We work with a range of accounting platforms including Sage, QuickBooks, Xero, FreeAgent and others, and can assist with setup, guidance and ongoing support to help make the transition to digital accounting as straightforward as possible.

Cloud accounting software allows businesses to keep records organised and accessible in real time, helping improve efficiency and streamline day-to-day financial management.

Under Making Tax Digital, eligible businesses and individuals are required to keep digital accounting records and submit information to HMRC using compatible software by specific deadlines throughout the year.

Making Tax Digital for Income Tax is being introduced in phases and will affect many sole traders and landlords. This will involve quarterly submissions to HMRC, followed by a final declaration at the end of the tax year.

We understand that the changes can feel overwhelming, particularly for businesses that currently keep manual records or have limited experience using accounting software. Our aim is to make the transition as simple and stress-free as possible by providing clear guidance and ongoing support throughout the process.

Whether you already use accounting software or are completely new to digital bookkeeping, we can help simplify the process, ensure deadlines are met and help you remain compliant with HMRC requirements.

MTD Deadline Timeline for Sole Traders

BP Accounting can assist with software setup, digital bookkeeping support and ongoing MTD compliance to help ensure your business remains fully compliant with HMRC requirements.