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Introduction

Introduction to Beyond the Numbers

What is Making Tax Digital?

Making Tax Digital is part of the government’s plans to ensure that individuals and businesses are on top of their tax affairs.

It is HMRC’s intention to collect regular information about individuals and businesses through a digital tax account. HMRC claims that this will provide a significant benefit for their “customers” i.e. the taxpayers.

It is intended that customers of HMRC will not have to wait until the end of the year or longer to know how much tax they should pay. HMRC will collect and process information affecting tax as close to real time as possible.

Taxpayers already have a digital tax account which has increasing amounts of information. It is intended that digital record keeping software will be linked directly to HMRC systems in order that taxpayers can send and receive information to and from HMRC directly from their software.

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  • I work with Val and beyond the Numbers, because they are exactly that..more than just the numbers. They work hard to understand my business, understand the business needs that are unique to me. They then shape the support and service around those needs.

    What I particularly like is that they are up for doing all sorts of support, from basic book-keeping, through to strategic challenge and insight. Trusted partners.

    Martin Ewart, Bigwheel Leadership Ltd

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