Making Tax Digital : What HMRC's new penalty regime means for MTD for VAT and Income Tax
MTD brings a new penalty regime from HMRC. How does it work ? And how do people get fined ? Read our extensive guide to learn more.
Accounting
Get ready for your tax return and collaborate with your accountant more easily using Sage Accounting. Trusted by thousands of businesses and accountants in the UK.
Sage works closely with HMRC to ensure our tax return software is compliant with the latest legislation, including Making Tax Digital.
MTD tax legislation says companies must keep accurate, complete and readable tax records digitally. Tax software takes care of this for your business automatically.
Failing to file tax returns on time can result in significant fines or financial audits. Using innovative cloud accounting technology, get ready for a self-assessment or a tax return and collaborate with your accountant before submitting to HMRC.
Manage cash flow, eliminate admin and get ready for a tax submission–it's easy!
With the help of your accountant, sort corporation tax (returns to HMRC) and Final Accounts (returns to the Companies House). All accessed via Partner Edition, for Accountants only.
*Get 3 months free, then £12/£24/£30 + VAT/mo (tier depending). Terms and conditions apply.
**Start your free trial and receive 1 month free, then £12/£24/£30 + VAT/mo (tier depending). Terms and conditions apply.
(1) Starting at 5 employees from £0.00 (offer price) per month + VAT with the option to add employee tiers for up to 100 employees. RRP from £7 + VAT per month (after offer).
(2) Snap and upload data from unlimited receipts, invoices and supplier statements with AutoEntry, free for your first 3 months. Subject to fair usage policy. Standard and Plus tiers only.
Tax return software helps individuals or businesses prepare for and file income, corporate and other tax returns, including VAT. Typically, it's faster and more accurate than using spreadsheets or paper-based processes. Tax software also helps business's comply with tax legislation in their jurisdiction.
Tax software works by enabling businesses to track all of their income, expenses, and sales in one place. This type of software also helps prevent common bookkeeping errors. It generates a report for the business owner or their accountant detailing potential liabilities. The business owner can then work with an accountant prior to filing a return online.
Spreadsheets are free to use, but they won't help businesses comply with tax legislation. Sage Accounting starts at £12 + VAT per month. You can add additional features such as support for multi-currencies for an additional amount.
If your business is based in the United Kingdom, you may need software to file a tax return as part of the government's Making Tax Digital plans. You may also need this type of software if tax returns take up a significant amount of time each month or quarter as it will reduce admin and ensure accuracy.
Get added functionality with our partner apps which integrate directly with Sage Accounting, bringing you more tools that help you get the job done.
Remove the need for data entry
AutoEntry is an intelligent, cloud-based solution which eliminates bookkeeping data entry, so users never again have to type up invoices or receipts.
Get paid faster
Satago helps business owners and accountants get invoices paid faster and protect against credit risk.
3 – way modelling and forecasting
Castaway is a reporting and business modelling solution that allows you to budget, forecast, analyse KPI’s, model scenarios and manage consolidations.
Make it easier to get paid
No more chasing late payments – give your customers simple and easy ways to pay you directly from the invoices you send with our useful “Pay Now” buttons.
"With my bank connected to Sage Accounting I am in control of business performance, and I know where to focus my attention."
Roisin Culligan
Brew Box Coffee
Whether you're new to accounting software, Sage or an existing customer, get expert answers on features, pricing, data migration and more.
MTD brings a new penalty regime from HMRC. How does it work ? And how do people get fined ? Read our extensive guide to learn more.
Looking for answers to questions you have on MTD for VAT ? Don't despair, this comprehensive article covers everything you need to know.
MTD for Income Tax has been delayed until April 2024. We cover the details - and why your business should take a digital approach now.
Dealing with new legislation can be challenging. Here, we cover how MTD for Income Tax will help your business and improve how you do things.
Need help understanding what Making Tax Digital for Income Tax will mean for your business ? These insights will get you up to speed.
Discover everything you need to know about MTD for Income Tax and get your business ready for changes coming from April 2024.
Get our free guide on Making Tax Digital for Income Tax. Learn what you need to do, when to register, what's required and much more.
Preparing your accountancy practice for Making Tax Digital needs to happen now. Our free guide provides the advice you need. Download it now.
