EUL ACCOUNTS LTD

16/08/2026

18/05/2026

Making Tax Digital (MTD) - Important Update for Clients

Making Tax Digital is HMRC’s initiative to modernise the tax system and make it easier for individuals and businesses to keep their tax records accurate and up to date.

Under MTD requirements, it is important that you maintain clear and consistent digital records of your business income and expenses. To help ensure compliance and avoid errors, you will need to have one dedicated account or system for recording all income and one for all business expenses. This helps keep your records organised, reduces the risk of duplication, and ensures that all transactions are accurately reported to HMRC.

Using a single, centralised system also makes it easier to track your financial position throughout the year and simplifies the process of submitting your tax returns.

If you are unsure about which software to use or how to set this up, we can help guide you through the process and recommend suitable MTD-compatible solutions.

17/04/2026