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Automates repetitive tasks and keeps all financial information in one central location.
Two factor authentication (2FA) and encryption keeps your data ultra safe.
Reduce errors with automation and less manual input and get a real-time view of your data.
Making Tax Digital (MTD) is a government initiative designed to transform and digitise the tax system for VAT and Self Assessment. It is designed to make tax returns simpler, easier and more efficient for businesses and individuals.
Under MTD, VAT registered businesses with annual sales over the £85,000 VAT threshold will be required to keep records of your income and costs digitally and make a quarterly return of data to HMRC. Under the previous system you could use the free Government Gateway to enter your quarterly tax returns, but under MTD you need to use software to submit your VAT returns electronically.
The good news? Opera 3 SE and Capital Gold are HMRC Recognised.
Some useful links if you need more information about MTD are listed below:
Overview of Making Tax Digital (Source: gov.uk)
HMRC VAT Notice 700/22: Making Tax Digital for VAT (Source: gov.uk)
MTD: Consultations – A collection of consultations around MTD reform (Source: gov.uk)
Learn how to use Making Tax Digital with Pegasus Capital Gold
