Intelligent SME.tech Issue 67 | Page 24

// FEATURE //

MAKING TAX DIGITAL ISN’ T THE DISRUPTION SMALL BUSINESSES EXPECTED

Making Tax Digital for Income Tax is a new way for sole traders and landlords to report their income and expenses to HMRC. From April 6, sole traders and landlords must use it if their annual income from self employment and property is over £ 50,000. Katie Greet, Principal Professional Services Consultant at Intuit, discusses how most small businesses are already operating in ways that make the shift to digital tax filing far less disruptive than critics suggest.
24 Intelligent SME. tech