Accountants are not ready for digitalisation

More than two in five accountants (42%) are not yet prepared for the making tax digital (MTD) requirements set to take effect in April 2026 according to a survey conducted by IRIS Software Group.

The research found that 44% of respondents said they felt somewhat prepared for the forthcoming MTD requirements while only 10% considered themselves very prepared. In contrast nearly a third (31%) said they were somewhat unprepared with 11% admitting they were very unprepared.

The survey reveals widespread concerns among accountants about the additional workload MTD compliance will bring. Many practitioners worry about how to manage the transition alongside their existing responsibilities.

‘Accountants are already overstretched with day-to-day work and worry that preparing their clients for MTD will only add to this ’ said Mark Chambers managing director of IRIS Accountancy. ‘While many accountants have started to take proactive steps towards...