VAT | Self-assessment | Making Tax Digital | Accounting Software

Making Tax Digital

Supporting businesses through the digital tax transition

We will advise and support businesses of all sizes through the transition to making Tax Digital.

Some significant changes are coming into effect over the next few years. Firstly, all VAT registered businesses must now follow the rules for Making Tax Digital for VAT. This means that your financial records must be submitted digitally to HMRC.

  • From 1 April 2022, all VAT registered businesses must sign-up to Making Tax Digital.
  • On 6 April 2023, the next phase of Making Tax Digital will be introduced; Making Tax Digital for Income Tax.
  • From April 2026, we will see the implementation of Making Tax Digital for Corporation Tax.
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1 April 2022 – Making Tax Digital applies to all VAT registered businesses

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6 April 2023 – Making Tax Digital for Income Tax will apply to all self-employed and landlords with an income over £10,000 pa

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Not before April 2026 – Making Tax Digital for Corporation Tax

1 April 2022

Making Tax Digital for VAT

As a client, we will keep you updated with HMRC’s Making Tax Digital scheme developments and ensure your transition is as painless as possible.

Accounting software and training

At Mojo, we can set you up on your new accounting software and provide training and support.

VAT compliance

We will always make sure your business is compliant with all of the VAT rules and regulations.

Real-time access to your numbers

We will help you to understand your companies financial position at the click of a button.

6 April 2023

Making Tax Digital for Income Tax

The new Making Tax Digital for Income Tax comes into effect from 6 April 2023. It will apply to all self-employed sole traders and landlords with an income of over £10,000 pa.

Accounting software and training

We can set you up on your accounting software for Making Tax Digital for Income Tax and provide training and support.

Quarterly submissions to HMRC

We can prepare all your financial records for you and help with submission. This includes helping to set up your Government Gateway.

Submitting a final declaration

The final declaration replaces the Self-assessment tax return and picks up any other personal income and tax reliefs. We can help with this calculation and make the final declaration for you.

Free Making Tax Digital Advice for clients

We will advise and support businesses of all sizes through the transition to making Tax Digital. Change is never easy, especially when HMRC and tax are involved!

Have you got more questions than answers about the changes? Get in touch and let us help guide and support you through the transition to Making Tax Digital.

TAX & ACCOUNTING

PAYROLL

BOOKKEEPING

MANAGEMENT INFORMATION & FORECASTING

TAX & ACCOUNTING

PAYROLL

BOOKKEEPING

MANAGEMENT INFORMATION & FORECASTING