Making Tax Digital

Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years.

For different tax payers, these changes will be introduced over the next 2 to 3 years but the changes start on 1 April 2019 for all VAT Registered businesses.

The essential elements for businesses and landlords are:

  • Paper records will no longer be sufficient: HMRC are looking to make it mandatory for almost all businesses and landlords (self-employed, partnerships and limited companies) to use functional, compatible software to keep accounting records. Paper accounting records will cease to meet the requirements of tax law.
  • Quarterly reporting: There will be a requirement to submit updates to HMRC each quarter directly from compliant accounting software, within the same timescales as current VAT returns.

Please contact us to see how we can help.

Please read our brochure in pdf.

Making Tax Digital deadline:

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