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Making Tax Digital for Income Tax: What did the Autumn Statement chang...
In November 2023, the Chancellor announced the Autumn Statement. While he did not mention Making Tax Digital in his speech, there have been some changes announced in the executive summary.Find out more
HMRC hits pause on Making Tax Digital for income tax self-assessment p...
HM Revenue and Customs has paused its trial for Making Tax Digital for income tax self-assessment.Find out more
Draft legislation aims to simplify Making Tax Digital for income tax
HM Revenue and Customs has published long-awaited draft legislation surrounding Making Tax Digital for Income Tax Self-Assessment.Find out more
Making Tax Digital: Where are we now?
The Government’s initiative to make the UK’s tax system more efficient was first rolled out in 2019. This guide provides an update on the latest developments with Making Tax Digital and what is to com...Find out more
Sole trader tax changes where year ends don’t match the tax year
HMRC has provided guidance on planned basis period reforms for the self-employed.Find out more
All you need to know about Making Tax Digital for VAT
HM Revenue and Customs (HMRC) is reminding VAT-registered small businesses who haven’t yet done so, to sign up for Making Tax Digital for VAT from 1st April 2022.Find out more
Fewer landlords declared underpaid tax to HMRC last year but a fresh c...
The number of buy-to-let landlords who declared underpaid or avoided income tax in 2019/20 more than halved compared to the previous year.Find out more
Making Tax Digital to apply to self-employed and landlords from April...
HMRC has set out the roadmap for its flagship Making Tax Digital system, with plans to extend its online quarterly tax reporting service to all VAT-registered businesses and self-employed professional...Find out more
Paper self-assessment tax returns will no longer be sent automatically
HMRC has stated from this April it will no longer send out paper returns to self-assessment taxpayers in a bid to encourage them to use the online service and reduce paper waste.Find out more
What to do if you missed the first Making Tax Digital filing deadline
Find out what to do if you missed the first Making Tax Digital quarterly deadline for filing VAT returnsFind out more
One-in-ten small firms still unaware of Making Tax Digital
A new survey commissioned by Intuit QuickBooks, has revealed 11% of business owners are still in the dark about new rules on digital tax records.Find out more
Get ready for Making Tax Digital by ditching VAT paper receipts
A new YouGov survey commissioned by HM Revenue and Customs has found that 65% of senior decision makers in finance and accounting have lost paper VAT receipts.Find out more
Making Tax Digital - How will it affect your business
With less than a year to go, we highlight what you need to know about Making Tax Digital for Business, and guide you through what steps to take to prepare for the change.Find out more
Read our expert answers to your Making Tax Digital questions
Making Tax Digital for Income Tax delayed
I am a landlord and my property portfolio generates gross rents of approximately £15,000 per year. I’d previously heard Making Tax Digital would apply from 2024 but haven been told there has been a fu...Find out more
When will Making Tax Digital affect my business?
I run a small limited company but also rent out a couple of properties and I’m confused about whether Making Tax Digital (MTD) applies to me. I think the VAT returns for my company are already being s...Find out more
When does Making Tax Digital for VAT come in for my business?
I am registered for VAT but trading below the current VAT threshold, when do I need to be registered for Making Tax Digital for VAT by?Find out more
Do I need to use software for my bookkeeping?
I currently use a paper cashbook for my bookkeeping, I am VAT registered but not registered for Making Tax digital for VAT yet as my taxable turnover is only £50,000, should I be using software instea...Find out more
What is Making Tax Digital for Income Tax?
I’ve heard people mention Making Tax Digital (MTD) for Income Tax, is this relevant to my business?Find out more
Do I need to use software for my tax records?
I have a business and am registered for VAT as my taxable turnover is over £100,000, do I need to use software to keep my records, or can I use a spreadsheet?Find out more
Do I need to register for Making Tax Digital for VAT?
I am now registering for VAT as my turnover has exceeded the threshold, do I need to be registered for Making Tax Digital as well?Find out more
When do I need to register for Making tax Digital?
I am VAT-registered and I have sales of about £100,000 so I believe I have to register for Making Tax Digital for VAT. When must I do this by?Find out more
Is my software Making Tax Digital-compliant?
I use some bookkeeping software. I think Making Tax Digital is going to apply to me. How do I go about checking if my software is Making Tax Digital-compliant?Find out more
Do I need to scan my receipts under Making Tax Digital?
I run a small business and I think we will need to comply with Making Tax Digital. I am a bit confused over the term “digital records”. Does that mean I need to keep scanned copies of all my receipts...Find out more