MTD - Making Tax Digital
MTD for VAT is now live. VAT returns for VAT periods
are required to be
submitted online, using digital links from the underlying
VAT records. In many cases, this will mean submitting
returns directly from bookkeeping software, but there are
alternative approaches which also satisfy the requirements.
The second stage of MTD, MTD for Income Tax Self-Assessment,
has been delayed again and is now due to be mandated
from April 2026. This will affect all self-employed
individuals and private landlords with gross income of more
than £50,000 from those sources.
We will be pleased to look at your accounting requirements and to help you
adapt to the new system.
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