Making Tax Digital hub

Change is coming for many taxpayers as HMRC rollout the next phases of Making Tax Digital (MTD). This is our dedicated MTD area which we will keep updated to support our clients, present and future, throughout the journey.

You will need to be prepared to change but we are committed to supporting you every step of the way to help you the find digital solution for you.

MTD will see a more modern, streamlined way taxpayers will interact with HMRC. It will see the mandatory need to keep digital records and submit quarterly returns using MTD compliant software for many taxpayers.

An overview of the current timeline is below to help you plan for when you and your business need to be ready:

• April 2019 – VAT registered businesses with turnover over the VAT threshold, £85,000 join MTD for VAT.
• April 2022 – VAT registered businesses with a taxable turnover under the VAT threshold, £85,000 join MTD for VAT.
• April 2024 – Self-employed businesses and landlords with annual business and/or property income above £10,000 report under MTD for Income Tax.
• April 2025 – Partners in general partnerships join MTD for Income Tax.
• April 2026 – Companies join MTD for Corporation Tax.