Making Tax Digital (MTD)
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HWB promotes Lyndon Howes to support MTD rollout
Yahoo Finance· 2026-01-30 14:59
Core Viewpoint - HWB, a UK-based accountancy practice, has promoted Lyndon Howes to assistant tax compliance manager in anticipation of increased demand for tax support due to upcoming regulatory changes [1][4]. Group 1: Promotion and Role - Lyndon Howes has been with HWB since 2011 and previously held the position of tax senior [1]. - His new role will involve responding to client queries and overseeing the Making Tax Digital (MTD) process [4]. Group 2: Regulatory Changes - HM Revenue & Customs (HMRC) plans to expand its MTD initiative to include self-employed individuals and those with private rental income, effective from April 2026 for individuals with qualifying income above £50,000 ($68,893) [2]. - The MTD initiative aims to provide HMRC with a real-time view of tax liabilities, requiring registered individuals to use compatible software for electronic quarterly returns and a final end-of-year submission [3]. Group 3: Team Development - Two other members of the tax department, George Vass and Danny Hockin, have recently passed professional exams and are studying with the Chartered Institute of Taxation to become chartered tax advisers [4].
Sage launches new tool to assist UK accountants with MTD compliance
Yahoo Finance· 2025-09-24 08:22
Sage has introduced the new AI-driven Making Tax Digital (MTD) for Income Tax automation tool, aimed at transforming the complexity of quarterly tax updates into a single, streamlined workflow. The initial release of the tool, said to be the UK’s first, will be part of the Sage Copilot features, expected in October 2025. The tool is intended to assist accounting firms in preparing for the quarterly updates, by organising client data and reducing manual tasks. Beginning April 2026, landlords and self-emp ...