Intelligent SME.tech Issue 66 | Page 9

// NEWS //
ANNA Money secures HMRC Making Tax Digital software approval, simplifying tax filing for small businesses and self-employed individuals such as sole traders, freelancers and landlords will need to keep digital records and submit tax information using compatible software on a quarterly basis – representing a fundamental change from the current annual system. As MTD requirements continue to expand, businesses must ensure they are prepared to adjust to the new system.

ANNA Money, an AI-powered business account and tax app, has announced that it has been approved by HMRC as a provider of software for Making Tax Digital for Income Tax, enabling customers to submit their quarterly tax filings directly to HMRC through ANNA’ s intuitive and automated platform.

With Making Tax Digital for Income Tax Self Assessment launching for higher earners in April 2026, small businesses
With its inclusion on HMRC’ s list of compatible software providers, ANNA Money can now support customers in meeting these requirements seamlessly. Designed to remove complexity from tax administration, once customers are set up on the platform, ANNA’ s AI technology automatically categorises transactions, keeps digital records and prepares the information required for quarterly MTD filings. This ensures submissions are accurate, on time and require minimal manual work.
Eduard Panteleev, Co-founder and Co-CEO of ANNA Money, said:“ While many SME owners and sole traders are still feeling uncertain about their future with the introduction of MTD, we’ re making sure cost and complexity don’ t stand in the way of growing their businesses.”
Nearly two-thirds of UK consumers say small businesses should prioritise European tech over US platforms

Consumers in the United Kingdom increasingly expect businesses to use European technology providers, with new research commissioned by Proton revealing growing public pressure on companies to move away from US-based platforms amid rising concerns about privacy, governance and digital sovereignty.

A strong majority of consumers( 62 %) believe European small businesses should prioritise European-based technology platforms over US alternatives, with 23 % strongly agreeing and only 4 % disagreeing.
More than half( 53 %) say it is now more important than a year ago for businesses across Europe to use European apps and online services, while just 1.8 % think it is less important. This shift in sentiment comes as 76 % of consumers report following recent political and economic tensions between the EU and the US in the news.
This shift in sentiment comes as 76 % of consumers report following recent political and economic tensions between the EU and the US in the news. Against this backdrop, the findings point to a broader shift in attitudes toward technological dependence: across the UK, most respondents say their societies have become overly reliant on US technology companies, with many expressing concern about that reliance as geopolitical tensions persist and regulatory differences between the US and Europe widen.
Crucially, consumer sentiment is starting to influence buying behaviour. More than four in 10 consumers( 43 %) say they are likely to avoid products or services from companies that store their data with US providers due to privacy or security concerns, including 15 % who say they are very likely to do so.
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