Making tax digital is the next big hurdle that tax payers have to face, from 6th April 2024 all sole traders and individuals with an income of over £10,000 will have to switch to making tax digital, from 6th April 2025 partnerships will also have to make the move to making tax digital, the initial requirement will be the submission of income and expenses every three months via a compatible software that can communicate with HMRC, at the end of the accounting period a final return will need to be submitted which will update HMRC of any corrections or adjustments to your profit/tax due.

It is also planned that from the 1st April 2026 making tax digital will also apply to companies.

We can help by providing guidance on which software to use, checking, making adjustments and producing the final figures that need to be submitted to HMRC.

We also understand that online software is not suitable for everyone, we can help here by taking information off you and inputting into our software and making the submission for you.

Making tax digital rules