Some important changes are on the horizon for the self employed and other individuals who complete Self Assessment Tax Returns. From April 2018 HMRC will be rolling out the new Digital Tax system which will require quarterly rather than annual reporting. Although these changes will be significant for clients used to bringing their books in once a year, FPS will be here to guide you through the process with a number of packages and options available. Software is already available that is compatible with HMRC and we actively encourage clients to start early so that they are fully prepared when their start date arrives. If you would like any further information at this stage or are interested in implementing the software early please get in touch with us.
Leave a Reply