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January 23 2018

Self-assessment Deadline – HMRC eyeing up exclusively Digital Future with Tax Payers

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Nick Williams, Head of Business Development, UK Accountants, Intuit:

“70 per cent of SMEs are already using cloud technology or are set to do so in the near future. Yet year after year – like clockwork – the self-assessment deadline is a stressor for the 11 million Brits due to file a tax return by 31st January. Much of this stress can be alleviated with online tools that automate this process for small businesses and self-employed workers, freeing them up to focus on what matters most: running their business. 

“HMRC wants its relationship with taxpayers to become almost exclusively digital in the near-future, so independent workers and small businesses would be wise to abandon shoebox document collection and explore online tools that automate many of the tedious tasks that come with the tax-filing frenzy. Look for tools developed in line with the VAT requirements set by HMRC to future-proof your business for this change.

“Of course, with the deadline only a week away, a few swift and immediate steps can go a long way toward ensuring you don’t face a penalty. Set aside dedicated time to gather and organise all relevant documents, consult the HMRC self-assessment helpline and consider seeking expert advice from an accountant for complete confidence that you’re filing your return correctly.”

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

     Read more
  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

     Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

     Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

     Read more
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