JSSE
Level 5

Other Questions

Hello AbigailS_,

 

Thank you for confirming that Intuit Quickbooks has no intention of improving QBSE to be suitable for Making Tax Digital before it becomes compulsory for UK businesses in 2026.

 

And for confirming that Intuit Quickbooks has no intention of improving QBSE so that it would be acceptable as accounting software by HMRC if they requested to see business accounts.

 

This is very important information that all UK users should be made aware of.

 

Will your adverts and marketing start to reflect this? Quickbooks should be honest with their customers and be clearer about what the product offers - currently your marketing is very misleading - implying that QBSE is 'Accounting Software' - but it is clearly not fit for this purpose (as you have stated, QBSE would not be accepted as accounting by HMRC) - and will be even less fit for purpose when MTD becomes compulsory.

 

I imagine Quickbooks will stand to lose a lot of UK customers if they do not adapt with the times and provide a suitable product for MTD going forward.

 

At the moment QBSE is a Tax Return Aid - nothing more. It can calculate a basic profit/loss balance, but does not provide sufficient Accounting Features to call it Accounting Software. Accounting Software should be able to produce accounts which are acceptable for HMRC and should be adapting and improving ready for MTD in 2026.

 

Since you have no plans to improve this it will remain just a Tax Aid software, not Accounting Software. 

 

Please request that your marketing team make this very clear in your advertising so that you don't continue to mislead customers.