Are we Making Tax Digital (MTD) Ready/Compliant?
on
VAT:
As Xero is MTD-compliant, all our clients who need to file VAT returns are set up in the necessary software. We can help get this set up in both Xero, and also with HMRC.
Self Assessment and Property Landlords:
MTD for sole traders and property landlords will be coming into force for anyone with a turnover exceeding £50,000 from April 2026. This means you will be required to submit quarterly information to HMRC. We are waiting on updates as to how this will work in practice, however you will be required to use compliant software for this process. We are currently recommending Coconut as this will be ready for MTD when it comes in.