The digital shift is coming…
Major changes are being made to the way in which all taxpayers interact with HM Revenue & Customs (HMRC). This is known as Making Tax Digital (MTD).
HMRC delays Making Tax Digital
The government have recently announced that their plans for Making Tax Digital have been delayed. An announcement was made confirming that MTD would be delayed for one year for VAT registered traders, who will need to comply from 1 April 2019. Other taxpayers would not be required to comply with MTD until at least 2020.
We do not know all of the detail for the revised plans, but we will continue to keep you informed of developments. Event with the delays, these changes will impact on every individual and business, regardless of size.
For a summary of how this initiative has progressed so far you can download our fact sheet, guide and FAQ documents below. We will also keep this page updated with the latest information from HMRC through our blogs.
Useful HMRC publications:
- Making Tax Digital for business (December 2017)
- MTD: Survey of small businesses and landlords (December 2017)
- Overview of Making Tax Digital (July 2017)
- Ministers confirm a new timetable for Making Tax Digital (July 2017)