Making Tax Digital

Made Simple

 

 

Ensure full compliance with the latest UK tax regulations. We handle the digital transition so you can focus on growing your business with absolute peace of mind.

 

Book A Free ConsultationCheck your Compliance

The Evolution of UK Taxation

Making Tax Digital is an HMRC initiative to transform the tax system into one that is more efficient, effective, and easier for taxpayers.

Digital records

Say goodbye to paper receipts. MTD requires businesses to keep specific records digitally for a more accurate financial overview.

Approved software

Transactions must be recorded using HMRC-compatible software like Xero, Quickbooks, or FreeAgent for direct connectivity.

Digital Submissions

Quarterly updates must be sent directly to HMRC from your software, eliminating manual entry errors and long delays.

Is Your Business Included?

VAT-Registered Businesses

If your taxable turnover is above the £90,000 threshold, you must already be MTD compliant for your VAT returns.

Compulsary Now

Sold Traders & Landlords

MTD for Income Tax (ITSA) will apply to individuals with income over £50,000 from April 2026, and £30,000 from April 2027.

Coming April 2026

Limited Companies

MTD for Coprotation Tax is currently in consultation phase. Expect rollout details in the near future.

Future Rollout

Full Compliance Requirements

Digital Record Keeping

Maintenance of transaction history in a digital format for at least 6 years.

Functional Compatible Software

Using APIs to communicate with HMRC instead of manual portal entry.

Digital Submissions

Submitting periodic updates (quarterly) and final declarations digitally.

Digital Audit Trails

Ensuring “digital links” between different software packages without manual “copy-paste”.

The Risks of Getting It Wrong

Financial Penalties

HMRC point-based penalty system for late submissions and payment interest.

HMRC Scrutiny

Inaccurate digital records significantly increase the likelihood of a full tax audit.

Calculation Errors

Manual adjustments outside of digital links can lead to costly tax miscalculations.

Operational Stress

Last-minute rushes to digitise years of paper records are overwhelming and error-prone.

Full-Service MTD Support

We don’t just tell you about compliance, we build the infrastructure that automates it for you.

Setup & Migration

We handle the full transition from paper or spreadsheets to HMRC-approved cloud software.

Software Support

Direct access to certified experts for Xero, QuickBooks, and Sage to troubleshoot any issues.

VAT Submissions

Precise, on-time digital VAT submissions that minimise your tax liability legally.

Ongoing Compliance

Regular health checks of your digital records to ensure they meet the latest HMRC standards.

Training

One-on-one sessions for you and your staff to master your new digital accounting ecosystem.

Ready to start?

Get a Quote

Is Your Business Included?

Do I need to buy new software for MTD?

If your current software isn't HMRC-compatible, you will need to switch. We can help you choose the best platform for your business size and industry.

What are the penalties for missing MTD deadlines?

HMRC uses a points-based system. For every late submission, you receive a point. Once you hit a threshold, a £200 penalty is issued for every subsequent late submission.

Can I still use Excel spreadsheets?

Only if they are connected to HMRC via "bridging software." However, for most businesses, full cloud accounting software is more efficient and provides better insights.

Get MTD Ready Today

Dont wait for the deadline. Future-proof your business finances with Almondvale Accountancy Ltd.

Book Your Free Consultation
Check Your Compliance