HSBC and Sage tackle Making Tax Digital burden for SMEsHMRC has already begun writing to affected taxpayersHSBC UK is launching a new digital tax tool inside its business banking platform, as the countdown to the government’s biggest shake-up of income tax reporting enters its final phase. Built using embedded tech from Sage, the service, called My Business Finances, will allow small business owners to manage invoicing and tax reporting. The move comes ahead of Making Tax Digital for Income Tax (MTD ITSA), which comes into force from April. The new legislation will require millions of sole traders and landlords to submit quarterly digital updates to HMRC, followed by end-of-year declarations. Tom Wood, head of SME business banking at HSBC UK, said: “Tax compliance can be time-consuming and costly.