Making Tax Digital for Income Tax

Snozzle

My accountant has retired and I'm in the process of sourcing a new one but proving harder than I thought.

Having been picked to be questioned by HMRC's market research on the above, I've been trying to source a new software package to trial but have input my requirements on the Govt website and worked through the majority of the suggested companies to consider, I'm finding a couple of issues.

Completing self assessment currently, I complete-  PAYE, charitable giving, investment income, receipts of UK interest and personal pension contributions to a SIPP. 

None of the suggested software allows all of the above to be input. Thinking I would phone a couple of the companies direct for advice (paid for software), they are wanting me to register my details to 'trial' their software and then submit a question - which I'm not keen on if they can't left me input the above 5 fields....

Any suggestions short of ploughing through each company and seeing if I can find one to phone. Could be unlucky with the 2 I have tried. Thanks!

Isthisforreal99

If you are not self-employed or receiving property income then MTD doesn't affect you.

Snozzle

I am, which is what is making me have to look into it and thinking I should at least try and find one and trial it while HMRC are having this trial perid prior to next April.  

Snozzle

Solved.  Have now found 3 to consider.

Savvy_Sue

Do tell us what you decide, it may well be of help to others in the future!

Snozzle

Will do. Likewise anyone else that makes a decision.

uknick

I thought MTD only required you to submit your trading figures, one figure for total income and one figure for total expenditure, each quarter.  It is after the final quarter return you then have to submit your normal annual self assessment return.

SVaz

Any decent software linked to bank feeds will do a running tally that I imagine will be uploaded to hmrc quarterly with one click.  As long as it’s kept up to date, i.e. you immediately update non-automatic uploads like OOP expenses of course. 
My Freeagent software fills in an updates my tax return throughout the year so I always know where I stand ( other than payments on account) .