business Image by Gerd Altmann from Pixabay Exchequer Secretary to the Treasury, James Murray MP, visited Sage’s Newcastle headquarters to explore technological advancements in support of small businesses and accountants. The visit coincided with the launch of a government consultation on e-invoicing, aiming to promote wider adoption among UK businesses and public sector entities. During his visit, the minister observed Sage’s development of technology supporting the adoption of Making Tax Digital (MTD) for Income Tax. He also examined the integration of AI-driven solutions, such as speech-to-text technology, designed to enhance customer experience. Sage’s Newcastle headquarters functions as its engineering and innovation hub, developing solutions to simplify financial management for SMBs. The Minister engaged in a roundtable with Sage’s Accountant & Bookkeeper Advisory Board to understand how accountants are preparing clients for MTD, focusing on transitioning to digital tools to reduce administrative burdens and enhance efficiency. Starting April 2026, MTD for Income Tax will be mandatory for self-employed individuals and landlords earning over £50,000 annually. HMRC encourages voluntary participation in public beta testing to prepare for these changes. The Minister discussed with Sage and accounting professionals ways to motivate small businesses to join the test phase before the mandatory implementation. […]
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