HSBC UK and Sage Simplify Tax Reporting for Small Businesses Ahead of Making Tax Digital

HSBC UK and Sage simplify tax reporting for small businesses ahead of Making Tax Digital

/PRNewswire/ -- As part of HSBC UK's big support for small businesses, the bank is launching a new tool to help business owners and sole traders get ahead of...

HSBC and Sage tackle Making Tax Digital burden for SMEs

HSBC UK is launching a new digital tax tool inside its business banking platform, as the countdown to the government’s biggest shake-up of income tax reporting enters its final phase. Built using embedded tech from Sage, the service, called My Business Finances, will allow small business owners to manage invoicing and tax reporting. The move comes ahead of Making Tax Digital for Income Tax (MTD ITSA), which comes into force from April. The new l…

HSBC UK, Sage launch digital tax tool ahead of MTD change

HSBC UK, in collaboration with software company Sage, is set to introduce a digital tax reporting tool to help business owners adapt to Making Tax Digital for Income Tax (MTD) rules due to start in April. The new tool, dubbed My Business Finances, is built on embedded technology from Sage and sits within HSBC UK’s business banking platform. The service enables users to handle their accounts and file tax returns online from the same banking platf…

How does Making Tax Digital affect landlords?

Making Tax Digital (MTD) for Income Tax is one of the biggest changes landlords will face and many still aren’t fully aware of what it means for them. If you earn any income from renting out all or part of a property, you may soon exceed the new thresholds and be required to comply with MTD for Income Tax. With the first phase taking effect in April 2026, landlords must act now to understand their legal responsibilities and prepare. What is MTD?…

Making Tax Digital FAQ’s

This page answers FAQ's about Making Tax Digital (MTD) for Income Tax and what it means for freelance members. 1. Who needs to use MTD — and from when? MTD for Income Tax becomes mandatory: HMRC decides when you must join based on your most recent Self Assessment return. 2. What counts as “qualifying income”? Qualifying income includes: It does not...