Making Tax Digital

We stay ahead of the curve when it comes to changes in the tax landscape. We are well-prepared for HMRC's digitalisation of the tax system, which includes VAT, Income Tax Self-Assessment, and Corporation Tax.

At CJK Accountants, we are fully prepared for Making Tax Digital (MTD). We understand that not all software is MTD compatible, and transitioning from manual records to compliant software may be necessary.

MTD is an important part of the government's initiative to modernise the UK tax system, aiming to simplify tax processes and improve efficiency for individuals and businesses.

For VAT-registered businesses, following MTD rules means maintaining digital records and using software to submit VAT returns. The existing VAT online account is no longer suitable for submitting VAT returns.

If you are already using cloud accounting software, such as QuickBooks, the impact of MTD will be minimal as these solutions are MTD compliant. However, if you are uncertain about the compatibility of your current software or if you still rely on manual records, we strongly recommend seeking advice promptly.

At CJK Accountants, we can provide the guidance and support you need to navigate the requirements of MTD. Our expertise in cloud accounting and MTD compliance ensures a smooth transition, allowing you to stay compliant and manage your tax affairs efficiently. Don't hesitate to reach out to us for assistance and advice regarding MTD.