Making Tax Digital software for small businesses
Sort Making Tax Digital the easy way
HMRC’s new Making Tax Digital rules mean most VAT-registered businesses with a taxable turnover above £85k must keep digital records and submit VAT returns using HMRC-recognised software. For an easy experience, do it all with QuickBooks.
MTD Hotline: 0808 168 4238
VAT payments due between 20 March — 30 June 2020 are now deferred by HMRC. Find out more about the support available to you during COVID-19.
What is Making Tax Digital (MTD)?
Making Tax Digital came into effect on 1 April 2019. It's HMRC’s transformation of the UK tax system to make things easier for individuals and business tax payers. There are three main benefits:
- Digital record keeping will reduce errors
- Cloud accounting software means you can access your data from anywhere
- You'll spend less time gathering and inputting data
Free support 7 days a week
Our award-winning UK-based team are here to help you, free of charge. Contact our team today with any questions you have about Making Tax Digital.
MTD Hotline: 0808 168 4238
VAT checked automatically
Spot common errors, duplicates and anomalies in your VAT. Run SmartScan™ at any time and be more confident when you submit your VAT to HMRC through QuickBooks.
See how it works
"A great way of summarising everything that goes into the return without having to review everything for the quarter."- Tom Ridgway, Wyvern 3D Ltd
Frequently asked questions
Who does MTD impact?It impacts VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) in the 12 months leading up to 1 April 2019 or any 12 month period thereafter.
Where do I get Making Tax Digital (MTD) software?A list of providers is available on GOV.UK or you can try QuickBooks today. HMRC are not offering Making Tax Digital software.
What do I need to do to comply with MTD?You'll need to:
- Keep your VAT records digitally
- Submit your VAT return to HMRC through MTD compliant software
Can my accountant help me?Accountants can support you through MTD so long as they have:
- Permission from you to act as an agent on your behalf for VAT
- Registered for an Agent Services Account and linked your HMRC account to it
- Access to Making Tax Digital compliant software
My VAT returns are already submitted online, am I not already compliant?You'll only be compliant if your VAT returns are submitted through software that's recognised by HMRC as Making Tax Digital complaint. The HMRC page for submitting VAT returns has been closed to those who are affected by Making Tax Digital.
Which VAT for MTD schemes are supported by QuickBooks?Standard, Cash and Flat Rate schemes are supported for both monthly and quarterly VAT submissions. We’re working to extend this to support annual submissions. QuickBooks' Bridging Software feature supports Standard and Cash schemes. This feature is useful if you prefer to keep some or all of your financial records outside of QuickBooks.