As the UK moves closer to the full rollout of Making Tax Digital (MTD), understanding the digital side of the transition has never been more important.
In his video, Ollie Newburn, Client Manager at Hayward Wright, explains how the right software and support can make the move to digital tax reporting seamless.
Under MTD, businesses, sole traders, and landlords must keep digital records and submit quarterly updates through HMRC-recognised software. Choosing the right platform isn’t just about convenience; it’s essential for compliance. HMRC has published an official list of approved providers, ensuring the software you use meets the technical requirements for secure and accurate submissions.
Ollie outlines some of the most widely used MTD-compatible systems, showing how these tools simplify the process by integrating record-keeping, reporting, and submission in one place. From automatic data capture to real-time insights, they reduce the risk of error and give you greater control over your tax position throughout the year.
For those who are new to digital accounting, Ollie also discusses how to build confidence using MTD software for the first time. He highlights the HMRC Beta Programme, which allows individuals and businesses to test digital systems ahead of full implementation, a great way to familiarise yourself with the new process and avoid surprises later.
At Hayward Wright, we help clients every step of the way, from selecting the right software to ensuring accurate, compliant submissions. Click here to find out more.