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Making Tax Digital

Embrace the new era of taxation seamlessly with Brightx Accounting. As the UK moves towards a comprehensive digital tax system, understanding and complying with "Making Tax Digital" (MTD) is paramount for businesses. Here's how we ensure you're well-prepared.

Digital Tax ()
  • What is Making Tax Digital? MTD is a revolutionary initiative from the UK’s HMRC aimed at overhauling the tax system to make it more effective, efficient, and easier. The primary change? The necessity to keep digital records and engage with HMRC through MTD-compliant software.
  • Who Needs to Comply? Initially targeting VAT-registered businesses exceeding the VAT threshold, MTD’s reach is consistently expanding, gradually encompassing a broader range of businesses and tax categories.
  • Enhanced Accuracy: Bypass common human errors seen in manual record-keeping.
  • Elevated Efficiency: Digital, real-time data allows businesses to make informed decisions promptly.
  • Crystal Clear Transparency: With digital tax accounts, businesses gain a more lucid understanding of their tax standing.
  • Seamless Integration: Most accounting software today, including those we recommend, are MTD-ready, ensuring a smooth data transition.
  • MTD-Ready Software Solutions: Leveraging industry-leading cloud accounting tools like Xero and QuickBooks, we guarantee full MTD compliance.
  • Training and Support: The digital transition can be challenging terrain. We’re here to guide you every step of the way, from training sessions to ongoing support.
  • Stay Updated: As MTD continues to evolve, we’ll keep you in the loop with the latest guidelines, ensuring you’re always one step ahead.
  • Flawless Integration: Our experts will aid in integrating your existing accounting infrastructure with MTD-compliant systems seamlessly.