In the March 2015 budget, HMRC published the proposal that the Tax Return as we know it would be phased out. This would mean that instead of the taxpayer (or their advisor) submitting all data to HMRC, it will instead be possible to log in and see prepopulated data showing information already held by HMRC. Information such as employment (P60 & P11D), interest and dividend income, should already have been supplied by third parties such as employers, banks or pension providers. However other sources of income, self-employment for example, will need to be incorporated into this new system.
The responsibilities are different depending on your taxable status. HMRC have published legislation as part of the 2017 Finance Bill to show how Making Tax Digital will affect Businesses and Individuals. To see how these changes will affect you or your business, follow the links below. These pages set out future requirements and show how you can prepare for them.
We at Richard Sexton & Co are Quickbook ProAdvisors and Sage Certified Advisors. If you already have a Sage One, Quickbooks or Kashflow account with us please click on the relevant logo to take you through to the appropriate accounting package. Alternatively, you are able to log in to your account on the homepage, using the links on the top right of the page.
If you don’t have an account yet, do contact us to discuss which package will best suit your needs. By subscribing through us we can obtain favourable rates and set up the system for you to use.
To sign into your Quickbooks account please click the logo above and enter your details when prompted. When you log out you will be redirected back to here.
To sign into your Sage One account please click the logo above and enter your details when prompted. When you log out you will be redirected back to here.
To sign into your KashFlow account please click the logo above and enter your details when prompted. When you log out you will be redirected back to here.