MTD - Making Tax Digital

MTD - Making Tax Digital

From 1st April 2019 the first phase of HMRC’s Making Tax Digital system (MTD) comes into effect.

In the first instance, all VAT registered businesses (with a taxable turnover above the VAT threshold) will be required to use the new Making Tax Digital system to submit VAT returns. Over time MTD will be expanded to include a wider range of tax reports for both individuals and companies alike.

For more information please visit:

https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital

 

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