A new way of working

Making Tax Digital

Making Tax Digital is a UK government initiative requiring eligible taxpayers to keep digital records and submit quarterly updates to HMRC using compatible software, replacing the traditional annual Self Assessment system.

Making Tax Digital (MTD)

a UK government initiative that requires businesses and individuals to maintain digital records and submit tax updates quarterly using compatible software.

This shift has significantly changed how tax reporting works across the UK.

According to HMRC, errors in tax reporting cost billions annually—making digital transformation a key priority for improving accuracy and compliance.

If you’re a business owner, landlord, or accountant, understanding MTD now is essential to stay compliant and avoid last-minute disruption.

MTD aims to:

  • Improve accuracy in tax returns.
  • Reduce manual errors.
  • Provide real-time visibility into tax obligations.
  • Streamline tax administration.

Who Needs to Comply with MTD?

Making Tax Digital for Income Tax applies to:

  • Sole traders
  • Landlords
  • Self-employed individuals

If you are already registered for VAT, you may already be familiar with MTD requirements.

 

You need to

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Keep Digital Records

You need to keep a digital record of all of your income and expenses.

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Use Recognised Software

We conducted a series of comprehensive financial audits for mid-sized companies in the UK, ensuring compliance with the latest regulations and optimizing their financial processes for better transparency and efficiency.
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Send Quarterly Updates

Developed tailored investment strategies for individual and corporate clients, focusing on long-term growth and risk management to enhance their financial portfolios and meet unique objectives.

Juniper Hill Can Help

Partner with Juniper Hill Accountancy for personalised financial solutions tailored to your needs. We're here to help individuals and small businesses thrive in the South West.