Fly Software, the company behind the trusted Easy MTD VAT, has announced the upcoming launch of Easy MTD — bridging software designed to help taxpayers comply with HMRC’s Making Tax Digital (MTD) for Income Tax, and businesses to comply with Making Tax Digital (MTD) for VAT.
Built with usability in mind, Easy MTD will allow users to digitally submit quarterly updates, other Income Tax data and VAT figures, when records are kept in a spreadsheet or an accounting system that is incompatible with MTD.
Making Tax Digital for Income Tax is part of HMRC's wider digital transformation initiative aimed at improving the accuracy and efficiency of the UK tax system. Under MTD for Income Tax, taxpayers will need to maintain certain digital records, and submit quarterly updates for each business or property income source along with other financial data to HMRC using MTD-compatible software such as Easy MTD.
This reform targets sole traders, landlords and construction workers, shifting the traditional annual tax return process to a more frequent, digital-first system.
MTD for Income Tax is being introduced in phases, giving those who must comply time to prepare:
Easy MTD is being developed as a bridging software solution — a vital tool for users who:
Easy MTD will extract data from a spreadsheet and digitally submit MTD-compliant quarterly updates and Income Tax figures to HMRC, while still maintaining the fucntionality found in Easy MTD VAT. Support for text and CSV files is also being considered, offering even greater flexibility.
Fly Software is no newcomer to Making Tax Digital. Their flagship product, Easy MTD VAT, has been trusted by almost 15K businesses, facilitating the submission of over 100K of VAT returns to HMRC. Built for Windows, Easy MTD VAT helps users view obligations, liabilities, and payments, and submit returns where VAT figures are held in an Excel spreadsheet, text or CSV file, all of which will be mirrored in the upcoming !Easy MTD.
This same commitment to simplicity, compliance, and user support will be extended to taxpayers with Easy MTD.
With the first enforcement deadlines less than a year away, now is the time for affected taxpayers to begin preparing. Easy MTD will provide a practical, cost-effective way for sole traders, landlords and construction workers to meet MTD requirements without overhauling their existing systems or needing to use expensive and complicated accounting software.
Easy MTD will empower users to stay compliant, reduce the risk of filing errors, and embrace the digital tax future — without changing the way they already work.
If you would like to find out more about Easy MTD, please visit easymtd.com or use the contact form.