These providers fall into :
- We're hacking something together in a excel macro code, so you'll have to buy this from Microsoft to do your taxes.
- We have no clue about software, security, data protection or anything like that, but hey, it was easy to get listed as a gov supplier, so please give us your personal data.
- Oh yeah, we can probably bolt on something to our existing massive non-free product.
It's distressing that the gov has chosen such an unprofessional way to implement #MTD.
‘Death of the traditional tax return’ as biggest shake-up in 30 years hits South Wales
From April 6, a radical new regime known as Making Tax Digital (MTD) will become mandatory for anyone with a gross income above £50,000 per year, marking the end of an era for paper-based filing.
Experts have described the overhaul as the most significant change to the UK tax system since the introduction of self-assessment nearly 30 years ago in 1997.
Regional accountancy firm Azets, which has offices in Swansea and Cardiff, is urging local business owners to act now to avoid falling foul of the new HMRC rules.
Under the new system, qualifying individuals will no longer be able to submit a single annual return; instead, they must keep digital records and provide updates to the taxman every single quarter.
Fraser Campbell, UK Head of ABAS at Azets, who is warning South Wales businesses to prepare for the “death of the traditional tax return.”Fraser Campbell, UK Head of ABAS at Azets, has confirmed that the shift represents a major digital reporting obligation for hundreds of thousands of landlords and sole traders.
“MTD truly signifies the death of the traditional income tax return,” Mr Campbell has said, adding that the April deadline is now “fast approaching.”
The changes are set to affect an estimated 864,000 individuals nationwide from next month, with that number predicted to soar to nearly three million within just three years.
While the initial phase targets those earning over £50,000, the threshold is set to drop to £30,000 in April 2027 and further still to £20,000 by 2028.
HMRC has said the move will bring the tax system closer to “real-time,” providing businesses with more accurate financial information throughout the year.
However, the transition requires the use of specific MTD-compatible software, and experts are warning that those who haven’t yet modernised their processes could face a scramble to comply.
“Preparation, planning ahead and taking advice at the right time are key for compliance,” Mr Campbell has stated, urging those in South Wales to check their qualifying income immediately.
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Äntligen en dag med lite mildare väder,då blev det en cykel tur. Såg även ett större vildsvin, tyvärr alldeles för många nu mera. #mtd
Whilst it isn't a #FOSS solution I am thrilled that my business bank (Starling) have announced they are building #MTD tool into their sole trader account! #MakingTaxDigital
Just been on the .gov.uk website using their software finder for Making Tax Digital compatible products. What a joke, you can't filter by Operating System or choose FOSS!
I wrote my own accounting system, using a MySQL backend, it has performed flawlessly for the last 17 years, but I don't have the will to spend time updating it for #MTD.
Yep, it looks like closing down the business is going to be the simpler and safer solution.
Der ungarische Soziologe Sandor Szalai hat beobachtet, dass wenn man ungefähr 20 Kinder hat, dass man dann immer 4 finden kann, die sich alle paarweise kennen, oder 4 die sich alle komplett unbekannt sind.
Erst dachte er, das sei irgendwie gesellschaftlich bedingt, aber nach einem Gespäch mit Erdös, Turán, and Sós wurde ihm klar, dass es sich um ein mathematisches Phänomen handelt.
1/3
After 4 months of really long days, I’m happy to be able to semi-launch my new app and send out this newsletter. Still a lot of work to do.
https://mailchi.mp/dc750287de09/were-live-hmrc-recognised-mtd-for-income-tax-app
Does anyone know anything about the new HMRC “Making Tax Digital”? My wife is going to be operating as a sole trader type business without overly complex accounting needs so we’re wondering if we need to sort out software to do it or if you can just submit manually? Is there anything open source for this? She’ll probably open a business bank account with Starling.
Wondering whether anyone in the UK has looked into the new Making Tax Digital (MTD) process being introduced by #HMRC.
If so, any recommendations as to which software would best suit a sole trader business which has only a few monthly cash receipts and some cash outgoings, with a few recurring subscriptions. Person involved is a bit of a technophobe, so simplicity in using the software very much desired.
Thanks in advance for any suggestions as to which software package would suit.
#MTD #Tax #Softwaree
Any UK self-employed about to enter into the #MTD fun?
I'm going to go with bridging software, as there is absolutely nothing wrong with #LibreOffice Calc spreadsheets.
Does anyone have any experience/recommendations??
TIA
* Making Tax Difficult
📊 Under #MakingTaxDigital, VAT-registered businesses, landlords, sole traders, and the self-employed must keep digital records and submit tax returns electronically. Unsure if this applies to you? We’re here to help! Contact us to stay compliant and avoid penalties. 💼
⏰ From April 2026, self-employed individuals and landlords with income over £50k must follow #MakingTaxDigital rules for Income Tax Self Assessment. More deadlines are fast approaching! Contact us to make sure you don’t miss out on critical dates. 📅
🌍 Making Tax Digital (#MTD) is an initiative by HMRC to move tax reporting online, using digital tools to streamline the process. By 2026, all businesses and landlords will need to be MTD-compliant. Are you prepared? Get in touch today for expert advice on how to get ready! 💼📱
Mir mir als Justizminister gäbe es ganz neuartige Strafen z.B. die Riemen von #MTD Rasentraktoren wechseln. Gäbe aber vermutlich Ärger mit Amnesty International.
// Aujourd'hui, on tond gratis ...
#Grass #Printemps #Tondeuse #MTD
