What is MTD?
Making Tax Digital is the UK government's initiative to digitise and modernise the tax system of the UK and make tax reporting easier for businesses. MTD requires businesses to submit tax data every quarter, thus reducing the errors that come with annual filing.
MTD requires VAT-registered businesses to keep digital records and make their submissions through HMRC-compatible software. Online accounting makes your transition to MTD smoother by reducing manual data entry, granting you easy access to your data at all times, and providing a platform for easier collaboration.
Say hello to your MTD compliant accounting software
Set up your account with ease
Setting up your MTD compliant account with Zoho Books is just a matter of a few clicks. All you have to do is choose the option to directly submit returns through Zoho Books and you are good to go. If you need help, support is just a phone call away.
Get your VAT reports in no time
Zoho Books automatically prepares your VAT reports for you based on your sales and purchase transactions. The HMRC compliant VAT Returns Report tells you exactly how much money you owe in taxes.
Review your VAT returns
Zoho Books lets you review and finalise your returns before you submit them to HMRC. Validate and edit your returns to ensure that the reports you submit are correct and free of any errors.
Submit your returns directly to HMRC
When your data is reviewed and finalised, push it to the HMRC portal directly from Zoho Books with the click of a button. It's just that easy.