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HMRC to End Online Tax Filing by 2026

HMRC is closing its online tax filing service by 2026. This blog explains what it means for UK businesses and how to prepare for the switch with the help of easy-to-use software like Nomi.<br><br><br><br><br><br>

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HMRC to End Online Tax Filing by 2026

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  1. HMRC to End Online Tax Filing by 2026 The UK tax system is undergoing significant changes. HM Revenue and Customs (HMRC) has announced that its online tax filing service will be discontinued on 31 March 2026. This means that businesses, accountants, and agents who currently use this service will need to transition to alternative methods for submitting tax returns. Why Is HMRC Closing Its Online Filing Service? HMRC's decision to close its online filing service is part of a broader initiative to modernise the tax system. The current service is considered outdated and does not align with the government's digital transformation goals. By encouraging the use of commercial software, HMRC aims to: ● Enhance efficiency in tax processing. ● Improve accuracy in tax submissions. ● Ensure compliance with new digital standards. This move also supports the government's Making Tax Digital (MTD) initiative, which requires businesses to maintain digital records and use compatible software for tax submissions. Who Will Be Affected? The closure of HMRC's online filing service will impact: ● Sole Traders: Individuals who currently use the service for Self Assessment will need to adopt MTD-compliant software. ● Limited Companies: Businesses that file Corporation Tax returns online will need to switch to commercial software solutions. ● Partnerships and Trusts: Entities relying on the online system will need to find alternative filing methods. ● Accountants and Agents: Professionals managing clients' tax affairs through this service will need to assist clients in transitioning to new systems. Key Dates to Remember ● Now: Begin assessing current tax filing methods and explore alternative solutions. ● 31 March 2026: HMRC's online tax filing service will officially close.

  2. Steps to Prepare for the Transition 1. Evaluate Current Processes: Understand how your business currently files tax returns and identify areas that need updating. 2. Research MTD-Compliant Software: Look for commercial software solutions that meet HMRC's requirements. 3. Train Staff: Ensure that your team is familiar with the new software and understands the new processes. 4. Communicate with Clients: If you're an accountant or agent, inform your clients about the upcoming changes and assist them in the transition. 5. Test the New System: Before the deadline, conduct trial runs to ensure that the new system works smoothly. How Nomi Can Assist? Switching to a new tax filing system can be challenging, but Nomi is here to help. Our cloud-based accounting software is designed to simplify this process: ● MTD Compliance: Nomi is fully compliant with HMRC Making Tax Digital requirements. ● User-Friendly Interface: Our platform is intuitive, making it easy for businesses of all sises to navigate. ● Comprehensive Features: From bookkeeping to payroll, Nomi offers a suite of tools to manage your financial needs. ● Dedicated Support: Our team is available to assist you during the transition and beyond. By choosing Nomi, you can ensure a smooth transition away from HMRC's online filing service and continue to manage your tax obligations efficiently. Conclusion The closure of HMRC's online tax filing service marks a significant shift in the UK's approach to tax administration. By preparing now and adopting accounting software solutions like Nomi, businesses can navigate this change confidently and continue to meet their tax obligations without disruption.

  3. Our cloud-based accounting software is built to handle tax submissions with ease, helping accountants, business owners, and individuals stay compliant with HMRC rules. From Self Assessment to VAT and more, Nomi makes tax time stress-free. Start your 30-day free trial today and see how simple managing tax can be with the right tools. Visit Nomi to get started.

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