Are You Ready for Making Tax Digital?
Digitising your documents is easy with ScanSnap scanners
WHAT MAKING TAX DIGITAL MEANS FOR YOU
How you organise, save and submit your UK tax and VAT returns is changing, for both individuals and companies.
The government has introduced Making Tax Digital (MTD). It’s a new approach that simplifies the tax paying and record keeping processes.
Digitising your documentation makes it easier to organise your financial information, get your tax right first time and have greater transparency of your company data
1st MTD DEADLINE 1ST APRIL 2022
All VAT-registered businesses will be required to keep digital records and submit tax and VAT returns online using government compliant software.
2nd MTD DEADLINE 1ST APRIL 2024
All self-employed businesses and landlords with a business or property income above £10,000 a year must be MTD compliant.
3rd MTD DEADLINE 1ST APRIL 2026
Corporation tax must be MTD compliant.
One in three businesses reported spending less time on their record keeping and tax returns since MTD
31%
67%
Two-thirds of businesses noted at least one way MTD had reduced the potential for mistakes
HOW SCANNING DIGITISES YOUR PAPERWORK
Digitising your paperwork is the first step to becoming MTD compliant.
Scanning is the simplest way to do it.
Scanning technology makes it quick and easy for individuals and companies to start the digital transformation journey. From business cards and receipts to invoices and other financial documents, it’s simple to save, secure and access all your important financial information.
Scanning is the first step to becoming MTD compliant
SCANSNAP SCANNERS MAKE EVERYTHING EASY
ScanSnap scanners make digitising your paperwork fast and simple. Combining high speeds with excellent image quality, the ScanSnap iX1400 and ScanSnap iX1600 feature powerful, intuitive technology that easily converts paper documents into searchable electronic files.
Three out of four businesses reported increased confidence in getting tax right with MTD
76%
SCANSNAP iX1400 FOR INDIVIDUALS AND SMALL BUSINESSES
With out-of-the-box simplicity and easy set-up, the ScanSnap iX1400 provides instant connectivity and one-touch scanning.
SCANSNAP iX1600 FOR SMALL TO MEDIUM BUSINESSES
Businesses that prioritise performance – especially those with multi-users of a single scanner – can digitise their documents super-fast with the ScanSnap iX1600.