Making Tax Digital is nothing to worry about – just snap quick pics of your receipts!
Making Tax Digital (MTD) is HMRC's new way of doing tax. Sole traders turning over more than £50,000 now have to keep digital records and send HMRC an update every quarter. We set up the software and send the updates for you.
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Example screen. The four quarterly updates and the yearly tax return.
Does it apply to you?
When MTD will apply to you
It depends on your turnover before costs. HMRC works it out from an earlier tax return.
Limited companies aren't part of it. Partnerships join later, and HMRC hasn't set a date yet.
What's covered
What we do for you
- Checking whether the rules apply to you, and from when
- Setting you up with software HMRC accepts (Xero and Hubdoc to make it as easy as possible)
- Keeping your records digital as we go
- Sending HMRC your four quarterly updates, on time
- Your yearly tax return, sent through the same software
The process
How we do it
We look at your turnover and tell you when you have to start.
Xero for your records and Hubdoc on your phone. You snap receipts as you get them.
An update every quarter, and then your tax return at the year-end.
5 minaverage email/text response time
Cost
What Making Tax Digital costs
With our Tradies package, adding the MTD option will bring your total cost to just £63/month.
See the full pricing page for every price, including what we never charge for.
Making Tax Digital questions
What is Making Tax Digital?
It's HMRC's initiative to encourage keeping and filing tax records digitally.
Do I still do a tax return?
Yes, once a year by 31 January, sent through the same software. It confirms your figures for the year. We do it for you.
What if an update's late?
Late updates earn penalty points. Once you've built up enough of them, HMRC fines you £200. We ensure this doesn't happen by sending you early reminders to get your stuff over to us and then we'll have it filed within 1 to 3 days on average.
The new rules, handled for you.
Software set up, updates sent every quarter, and your tax return done. You just snap your receipts.
Free.No contact details needed.
"They've been doing my books for 2 years now. You get a professional service every time and I would highly recommend."
★★★★★