Making Tax Digital (MTD) is transforming the way individuals and businesses keep their records and submit tax returns. If you're self-employed or a landlord, you've probably heard of MTD for VAT, but the next stage – MTD for Income Tax Self Assessment (MTD ITSA) – is now...
Making Tax Digital for Income Tax
October 7, 2021
HMRC has stated it wants to be one of the world’s most digitally advanced tax administrations, and the government describes its Making Tax Digital (MTD) initiative – which will affect VAT, income tax and corporation tax – as ‘a key part of plans to make it easier for...
What is Making Tax Digital for VAT?
September 30, 2018
From 1 April 2019 all VAT registered businesses (including charities) with a taxable turnover above the VAT threshold (£85,000) are required to keep their VAT business records digitally and send their VAT returns using Making Tax Digi...
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