Setting up MTD and Bank Account link

Question asked by Ian Bond 5 months ago

I am currently evaluating Clear Books. Can I please ask if setting up MTD and linking it to my bank account will give HMRC the ability to view my bank account entries?

1 Reply

Hi Ian,

No, the bank feeds will just automatically import your bank transactions for you to reconcile in your Clear Books account. And when you make a MTD submission, it will be the figures you'd normally fill in on their SA103/SA105 form that get sent to HMRC.

We would also recommend exploring our comprehensive guides available to quickly learn how to use the software: MTD Income Tax Guides.

Tommy

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