Choosing software for Making Tax Digital

Choosing software for Making Tax Digital

Under the UK government’s Making Tax Digital (MTD) reforms, some landlords now have to keep digital tax records and submit quarterly updates using software compatible with MTD. For guidance on who has to comply, see here.

To help landlords choose suitable software, HMRC has published a new video, “How do I choose software for Making Tax Digital for Income Tax?”which can be viewed at https://www.youtube.com/watch?v=rXk3ZseEklM

This short video is designed to help taxpayers understand what to consider when choosing MTD for Income Tax-compatible software, including the different features available, how software can help them meet their MTD obligations, and where they can find further information to support their decision. SAL’s Landlord Focus magazine recently featured an article on MTD software which can be read here.