Making Tax Digital guide
HMRC has embarked on a place to modernise the UK’s tax administration system by 2030, with the aim to facilitate more digital reporting in real time.
Making Tax Digital (MTD) is being introduced tax by tax, not by business size or type and the goal is for all transmissions of data between taxpayers and HMRC to be performed digitally and in some cases automatically.
In this short guide, we provide a breakdown of the MTD process and what taxpayers can expect over the new few years.
Inside you’ll find guidance on:
- The MTD timetable
- MTD ITSA
- MTD for Corporation Tax
- Complying with your general tax obligations
- How our team can support you and more!