Mirandus Accountants is an expert accounting and chartered tax advisory practice based in London and Edinburgh. We specialise in meeting the needs of private clients and their businesses.
Making Tax Digital for Small Business
Making Tax Digital (MTD) is HMRC’s mission to bring UK tax reporting into the 21st century for small businesses and the self employed in the UK.
By keeping digital records only and reporting quarterly versus annually, the idea is for you to streamline your finance administration with the aim of paying the right amount of tax.
MTD for VAT has been in place since 2019, MTD for income tax is coming into force from April 2026 and MTD for Corporation Tax is planned from April 2026.
We can help you:
Assess whether you are captured by the new MTD rules, some businesses can ‘opt out’
If you are required to file quarterly versus annually, we will help you find the right digital software to keep your digital records, such as Quickbooks or Xero, to help make managing your accounting records easy, wherever you are.
We will help you get organised now ahead of the self assessment tax return start date from 2023/2024 tax year