Making Tax DigitalStay compliant with our future-proofed MTD software solution
Making Tax Digital software
Thomson Reuters was one of the first providers to support agents in taking part in the HMRC income tax pilot with our Making Tax Digital software.
With the deferral of MTD for income tax until April 2020, the focus has shifted to MTD for VAT reporting from April 2019.
We continue to work closely with HMRC and will soon launch our new VAT submission tool as part of our Onvio cloud suite.
Why use MTD software?
Sole traders and landlords who keep paper records can use our simple web and mobile app to record transactions. Summaries are automatically sent to our tax module for submission.
Manage and review updates
Manage your client’s Digital Tax Account and ensure that the data is accurate and complete by automating the quarterly update process and input of bookkeeping data from a variety of sources.
Reporting and analysis
Take a real-time advisory role by keeping your clients up-to-date on their ever-changing business requirements and discuss future opportunities using reporting and data analysis.
Keep in close contact with your clients using our portals and mobile apps that allow for seamless notifications and exchange of data.
Prepare statutory and management accounts and collate data for the annual declaration process.
Define and implement streamlined processes across your entire practice to match the services that you provide to your clients – vital for working efficiently.
We are proud that Onvio, our MTD software solution, has already won AccountingWEB’s Making Tax Digital Software of the Year 2017 Award.
We are leading the way with trusted answers, technology and support around the biggest challenge facing accountants today.