Making Tax Digital
Our Making Tax Digital knowledge hub will help inform you about one of the biggest changes to the UK's tax system in decades.
Making Tax Digital (MTD) is the UK Government's plan to modernise the UK's tax system and was announced in the 2015 Budget.
TaxAssist Accountants can provide support on complying with Making Tax Digital and choosing the most appropriate Making Tax Digital-compatible software for your business.
We've got you covered
How can technology drive efficiencies for my business?
With recent research showing that embracing digital tools could reduce rather than increase overall costs for Small and Medium Sized Businesses (SMBs), we look at why online accounting solutions are a...
Find out moreThe digitisation of tax: what does it mean for my business?
Big changes continue with Making Tax Digital for income tax, the Companies House reforms and more HMRC services being online by default.
Find out moreCapital gains tax on second homes - what you need to know
If you own multiple properties, you need to be aware of the capital gains tax rules and reporting which may be required should you sell one of your properties.
Find out moreMaking Tax Digital for landlords
Discover when Making Tax Digital for income tax comes into effect and what you will need to do if you are a landlord.
Find out moreFree webinar: How to choose software for Making Tax Digital for Income...
Making Tax Digital for Income Tax will be a big change to the way many businesses and landlords will report their income, and selecting the right software choice can make all the difference.
Find out moreThree quarters of eligible businesses still need to register for Makin...
With Making Tax Digital for income tax now in place for the first intake of sole traders and landlords in the UK, figures from HMRC show that eight days after the 2026/27 tax year began, only 25% of t...
Find out moreHow much tax do you pay on rental income?
Having a buy-to-let property, property portfolio or holiday let can be a lucrative way to earn, either as your main income or on the side. Here we cover the basics of tax on rental income.
Find out moreKey tax dates you need to know if you are self-employed
Staying on top of key dates will ensure your business stays on track, meets deadlines and avoids paying penalties and interest. We list the key dates sole traders need to be aware of in this concise g...
Find out moreFree webinar: Avoid the penalty points – Get set for Making Tax Digita...
Making Tax Digital for Income Tax is one of the biggest changes to the UK tax system in recent years – and arrives in April 2026. In this webinar we explain what you need to know.
Find out moreWhat counts as qualifying income for Making Tax Digital for income tax...
If you are self-employed or a landlord, you will need to join Making Tax Digital for income tax shortly, and your start date depends on your level of ‘qualifying income’. But what is qualifying income...
Find out moreHow are self-assessment tax return penalties changing?
From April 2027, automatic time-based penalties for late filing of self-assessment tax returns will be abolished and replaced with a points-based system.
Find out moreMaking Tax Digital for Income Tax: Key dates, deadlines and how to sta...
The new Making Tax Digital for Income Tax requirements are approaching quickly, but do not panic if you have not started preparing. In this article we’ll cover the essentials you need to know.
Find out moreFree webinar: Making Tax Digital for Income Tax – What you need to kn...
Making Tax Digital (MTD) for Income Tax is one of the biggest changes to the UK tax system in recent years – and it’s coming soon.
Find out moreNew TaxAssist podcast series lifts the lid on Making Tax Digital for I...
TaxAssist Accountants has teamed up with the Start Your Own Business podcast for a mini-series to explain what Making Tax Digital for Income Tax will mean for you and your business.
Find out moreMaking Tax Digital for income tax
When it comes to meeting your needs for Making Tax Digital for Income Tax, we’ve got three clear packages that we think will work for most business owners.
Find out moreLandlords: Do recent tax and legal changes mean I should sell my prope...
Are changes to tax and legislation making you consider a step away from property investment? We explain the tax changes affecting landlords, as well as proposed changes to the law to help you make an...
Find out moreHMRC to stop sending most letters to taxpayers
HMRC has announced that it will stop sending communications to taxpayers through the post unless it is for ‘revenue generating’ letters, such as tax demands.
Find out moreMaking 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 moreCommon bookkeeping mistakes to avoid
Business bookkeeping errors are more common than you might think and can impact your business operations and financial health.
Find out moreHow to transform your business with AI
Artificial intelligence (AI) continues to be widely adopted by businesses of all sizes and in all sectors. The technology has many benefits which we outline in this guide.
Find out moreMaking 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 moreHMRC 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 moreDraft 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 moreSole 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 moreAll 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 moreSupport for QuickBooks Users
Access helpful tutorials, training options and official resources.
Find out moreFewer 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 moreMaking 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 morePaper 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 moreWhat 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 returns
Find out moreOne-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 moreGet 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 moreRead our expert answers to your Making Tax Digital questions
Do I need to sign up for Making Tax Digital?
I am employed and run a side hustle selling goods that I make. My income from the craft business is about £12,000 each year but I also have a salary of £45,000. As my total income exceeds £50,000 does...
Find out moreWhen do I need to sign up for Making Tax Digital for Income Tax Self-A...
I know Making Tax Digital (MTD) for income tax self-assessment is on the way. What do I need to do and when will I need to sign up?
Find out moreMaking 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 moreWhen 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 moreWhen 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 moreWhat 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 moreDo 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 moreDo 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 moreDo 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 moreIs 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 moreDo 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