About TaxNav

The TaxNav Team

Paul Oldridge - Chief Executive Officer

Having started his own IT business in 1984, Paul has continued building multiple IT businesses throughout the years in varied vertical market sectors, the most recent one being a company providing a suite of tax software for accountants, recently purchased by a private Private Equity organisation.

Whilst working for the company, Paul developed a “go to”market product for MTD for VAT. Even against stiff competition from over 300 suppliers the company gained a strong footing in this competitive market place, supplying a product for individuals and businesses with one VAT registration.

This was also white labelled by one of the top 10 accounting practices in the world for their own client’s use.

Julian Green - Chairman

Having experience of market research and analytics applied in the accounting software market, Julian has a strong understanding of the market and competitive landscape.

He has previously started a business intelligence business, grown it organically and via acquisition, listed on the London Stock Exchange secondary market AIM and oversaw the successful sale of the business to a tradebuyer.

The Team People

The business is supported by senior experienced IT consultants who design and build the solution according to defined specifications.
Once the solution goes live in late 2025, just prior to mandation coming in, the company will employ additional customer services support and technology in the form of further hires.

How TaxNav can help individuals

• Will help individuals to:
  Create, store and correct digital records of their business income and expenses
  Send quarterly updates
  Submit their tax return by 31 January after the end of the tax year. This will also include any other sources of income, gains, allowances and losses that they need to declare.
  Receive information, such as their tax estimates, from HMRC
  TaxNav lets individuals create digital records of their business income
• Do this by:
  ‍Manually entering the records into the software
  Connecting the software to a spreadsheet or accounting software, this is known as bridging software. TaxNav then creates digital records using the information they provide.
  Customers will be able to check that the digital records are accurate.
• Submissions to HMRC
  ‍When customers are using Making Tax Digital for Income Tax,they will need to make two types ofsubmissions to HMRC:
  Send quarterly updates for each self-employment and quarterly updates for their property or portfolio of properties.
  Submit their annual tax return
• ‍Income sources
  ‍Customers will need to use software for their business income sources.
  This means income from:
  Self-employment
  UK property
  Foreign property
• Can report all business income sources, while other software providers may focus on a specific income type.
  Users must also report personal income sources, such as income from savings or dividends, on their final tax return.
  TaxNav will also support customers electing to use an accounting period from 1 April to 31 March, called the calendar update period.