Making Tax Digital

Swan Accountancy Solutions can help you and your business adapt to the demands of the digital age.

One example of this is Making Tax Digital (MTD), a Government initiative to modernise HMRC’s tax system.

All VAT registered businesses are now required to keep digital records for VAT purposes, and to submit VAT returns using digital software.

MTD for Income Tax will be introduced in April 2026 and self-employed individuals and landlords with an income of more than £50,000 will be required to keep digital records and to report quarterly to HMRC via MTD compatible software.

The idea is to make the process of administering tax simpler and more efficient – and it is vital that you and your business plan ahead.

Using cloud accounting software will ensure your business is compliant with the requirements of MTD.

We can help you to migrate to the cloud and provide training and support.

The benefits of using cloud accounting software include:

  • Up-to-date information about your business finances in real time
  • Time saving – there is far less manual data entry
  • Access your accounts from any device and on the go
  • Data is automatically backed up in the cloud

To find out more about MTD and migrating to cloud accounting software, contact us today for a free consultation.