A CRAWLEY company is one of less than ten accountancy firms across the country to be invited to take part in a pilot scheme called Making Tax Digital.

The HM Revenue and Customs launched its MTD service to help test the new proposed obligations before they come into force in April 2018.

Richard Place Dobson - based in Station Road - is working with a number of clients testing what the country is likely to be dealing with from next April. MTD is a government initiative to move tax reporting into the 21st century with the aim of making the whole process of administrating tax simpler and more efficient.

Businesses and landlords with income exceeding £10,000 will be required to record their data on digital (cloud) software and provide HMRC with summary updates on a quarterly basis.

This information will feed through to the individual’s new Digital Tax Account. DTA’s will be used for all individuals and will be a hub to view and manage information online in one secure place.

Matthew Tyson, director at Richard Place Dobson, said: “It’s a fantastic opportunity to be involved in the pilot and it offers us, as agents, an opportunity to influence the way the new system will work.

“It allows us to provide clients with the chance to have greater guidance and support.”