At Tax Wise Accountants NI Ltd, we are helping sole traders and small business owners across Belfast and Northern Ireland prepare for the new HMRC Making Tax Digital (MTD) rules.
Many business owners are still confused about how MTD works, who it affects, and what they need to do to stay compliant. The good news is that with the right accountant and proper systems in place, the transition can be simple and stress-free.
Making Tax Digital is HMRC’s new digital tax system designed to modernise the UK tax process.
Under the new rules, businesses and self-employed individuals will eventually need to:
MTD is already mandatory for many VAT-registered businesses.
The next phase will affect:
If your business income exceeds the HMRC thresholds, you may soon need to comply with MTD for Income Tax.
As Belfast-based chartered accountants, we provide practical MTD support for:
Our MTD services include:
We focus on making accounting simple, affordable, and stress-free.
Benefits of Using Cloud Accounting Software:
At Tax Wise Accountants NI Ltd, we support clients using Xero and other leading accounting systems.
Not sure where to start or whether you need an accountant?
Book a free, no-obligation consultation and get clear, practical advice tailored to your business.