Corporation Tax & Final Accounts Filing Now in Zoho Books UK Edition

Mon, 15 Dec 2025 10:00:00 +0000

We are announcing a significant expansion of the Zoho Books UK Edition, which now incorporates Corporation Tax (CT600) and Final Accounts filing. This major update firmly establishes Zoho Books as a comprehensive, end-to-end accounting platform, delivering simpler and more seamless compliance for Zoho Books customers.

Tax compliance is the cornerstone of effective business management. In our continued commitment to helping UK businesses meet the evolving requirements of HMRC, this launch builds upon the successful implementation of:

VAT
Construction Industry Scheme (CIS)
Income Tax

What's Included in the Update?

This enhancement introduces two core compliance features, now available for early access:

1. Final Accounts Preparation

Also known as Year-end Accounts, these reports—including the Profit & Loss Account, Balance Sheet, and Notes to Accounts—summarise a company's financial performance. They are essential for both HMRC (Corporation Tax filing) and Companies House (Accounts filing).

Current Scope: The initial release focuses on Micro-Entities under FRS 105 (Financial Reporting Standard for Micro-Entities). This simplified standard applies to limited companies meeting at least two of the following criteria:

Turnover of £1 million or less
Balance sheet total of £500,000 or less
10 employees or fewer

Key Features Shipped:

Direct Final Accounts generation for micro-entities.
iXBRL exports (the mandatory machine-readable format for HMRC and Companies House).
Direct submission to Companies House from within Zoho Books.
Integrated approval workflow for generated reports.

2. Corporation Tax (CT600) Filing

Corporation Tax (CT) is levied on the profits of UK-based limited companies. Every company must file a Company Tax Return (CT600) annually, regardless of profitability, and pay the tax by the statutory deadline.

Key Features Shipped:

Automatic computation of taxable profit and necessary adjustments.
Generation of the CT600 main form and supplementary form CT600A (Loans to Participators).
iXBRL Export for both the CT600 form and tax computations.
Direct filing to HMRC from within Zoho Books.
Integrated approval workflow for the CT600 declaration.

How to Access the New Features

These new Corporation Tax and Final Accounts features are currently in early access and are expected to be available to all Zoho Books customers in the next 4-5 weeks.

As your dedicated Zoho Partner, we can request these features for your business. Contact our support team today to get early access to Corporation Tax and Final Accounts filing in Zoho Books.

MTD for Income Tax: A Straightforward Guide for Sole Traders and Landlords

Fri, 12 Sep 2025 07:51:03 +0000

If you’re a sole trader or a landlord in the UK, you’ve probably heard about Making Tax Digital for Income Tax (MTD for IT). This isn't just another tax change - it’s a fundamental shift in how you’ll report your income to HMRC. The good news? It's all about making things simpler in the long run, and getting prepared now is the key to a stress-free transition.

What Exactly Is MTD for IT?

Starting in April 2026, MTD for IT will replace the traditional annual self-assessment tax return for many sole traders and landlords. Here’s what will change:
Digital Records: You'll need to keep digital records of all your business income and expenses. This moves you away from paper receipts and towards a more organized, digital system.
Quarterly Updates: Instead of one annual return, you'll send a summary of your income and expenses to HMRC every three months. Don’t worry, these aren't full tax returns—they're just a few numbers that give HMRC a snapshot of your business.
Annual Final Declaration: At the end of the tax year, you’ll submit a final declaration to HMRC, which will replace your current self-assessment.
The goal is to provide you with a clearer, more real-time view of your finances, help you stay on top of your tax obligations, and reduce common errors.

Are You Affected?

MTD for IT will be rolled out in phases, so not everyone needs to act at once.
April 2026: It becomes mandatory for sole traders and landlords with an annual gross income (your turnover or sales, not profit) over £50,000.
April 2027: This will extend to those with an annual gross income over £30,000.
If your income is below these thresholds, you are not currently required to join, but you can always register voluntarily to get a head start.

Why Act Now?

While the deadline for many is in 2026, preparing now is crucial. Starting early gives you a "dummy run" to get comfortable with the new process before it becomes mandatory. This is your chance to:
Improve Financial Clarity: With quarterly reporting, you get a much clearer, up-to-date picture of your business's performance. You can see your financial position and make better decisions.
Save Time & Avoid Surprises: Keeping digital records makes your year-end tax return a breeze. You'll also have a better idea of your tax liability throughout the year, so there are no nasty surprises.
Never Lose a Receipt Again: Digital tools help you capture all your costs, ensuring you don’t miss out on any valuable claims.

Zoho Books: Your Free, MTD-Compliant Solution

Navigating these changes can seem daunting, but it doesn't have to be. Zoho Books is an HMRC recognised accounting software that's fully compliant with MTD for IT. Best of all, they offer a completely free plan for sole traders that includes everything you need to comply.
With Zoho Books, you can:
Easily Track Income & Expenses: Go paperless by simply taking a photo of your receipts with your phone—the app automatically scans and records the details.
Connect Directly to HMRC: Once authorized, Zoho Books fetches your quarterly obligations from HMRC and helps you submit your updates with just a few clicks.
Automate Your Bookkeeping: From automated bank feeds to recurring invoices and payment reminders, Zoho Books handles the repetitive tasks so you can focus on your business.
This isn’t a limited-time free trial; it’s a robust solution designed to support your business as it grows. By starting with Zoho Books now, you can get ahead of the curve, ensure full compliance, and turn a daunting requirement into an opportunity for a more efficient business.

Ready to get ahead of the MTD deadline?

See for yourself how easy it is to manage your finances and get MTD-ready with Zoho Books.
Start your free trial today and discover the full power of Zoho Books.

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