Introduction
The UK tax system is evolving—and Making Tax Digital (MTD) is at the heart of that change. Whether you’re a business owner, landlord, or sole trader, MTD is set to reshape how you manage and report your finances. At Sunstone Accounting, we’re here to ensure your transition is smooth, stress-free, and fully compliant.
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What Is MTD?
Making Tax Digital is an HMRC initiative aimed at improving the efficiency and accuracy of the UK tax system by moving it online. It requires:
• Digital record-keeping of income and expenses
• MTD-compatible software for submitting tax returns
• Quarterly reporting to HMRC (in some cases)
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Key MTD Dates
• April 2019: MTD for VAT begins for businesses over the VAT threshold
• April 2022: All VAT-registered businesses included
• April 2026 (planned): MTD for Income Tax (over £50,000)
• April 2027 (planned): MTD for Income Tax (over £30,000)
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What You’ll Need To Do
✅ Maintain digital records
✅ Use MTD-approved software
✅ Submit regular updates to HMRC
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How Sunstone Accounting Can Help
We offer:
• Full MTD setup and onboarding
• Ongoing bookkeeping and tax support
• Industry-specific guidance
Let us help you stay compliant and take full advantage of digital accounting.
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Why Embrace MTD?
• Reduce errors and avoid penalties
• Get real-time financial insights
• Spend less time on paperwork
• Make informed business decisions year-round
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Ready to Get Started?
📞Call us today 01942748453 or 💬 book your free MTD consultation.
Sunstone Accounting – Where modern tax meets peace of mind.