Making Tax Digital: remodelled and going ahead
Autumn Statement 2023 has confirmed the start dates for Making Tax Digital for Income Tax (MTD ITSA).
Autumn Statement 2023 has confirmed the start dates for Making Tax Digital for Income Tax (MTD ITSA).
HMRC’s flagship Making Tax Digital (MTD) programme has seen many stops and starts over the years. Where are we now?
From April 2022, Making Tax Digital (MTD) filing will be compulsory for all VAT-registered traders and from April 2023 for most self-employed traders and individual landlords.
Thousands of businesses with £85,000+ turnover filed their VAT on HMRC’s Making Tax Digitals platform. HMRC have released new changes to MTD coming in April 2020.
HMRC have announced that you will not be penalised if you have missed the MTD deadline for VAT – but you should file it on time next time.
What is Making Tax Digital and how will it affect your business?