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Making Tax Digital for Income Tax – get ready now

4 minutes to readIn June of this year, we outlined the ‘who, what and why’ behind Making Tax Digital for Income Tax – the overhaul in the way taxpayers, agents and HMRC link and feed information to each other: It’s happening – Making Tax Digital for Income Tax HMRC is now running a campaign with letters and advertising …

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Making Tax Digital for Income Tax exclusions – apply now

3 minutes to readHMRC is now accepting applications for exemption from Making Tax Digital for Income Tax (MTD for IT) if you qualify as ‘digitally excluded’. To be exempt on the grounds of digital exclusion, an application has to be made to HMRC and approved by them. What is digital exclusion? Looking at HMRC’s definition and the current …

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Scrapped – Making Tax Digital for Corporation Tax

< 1 minute to readHMRC has announced that Making Tax Digital for Corporation Tax (MTD for CT) will not be introduced. Corporate tax draws in very small owner-managed businesses on one side, and large multinational enterprises on the other. In between are a myriad of entities, so any change to the corporation tax system needs to be right for …

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Making Tax Digital: more time to comply

2 minutes to readWith the economic environment challenging, the government has announced today (19 December 2022) that self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD). The aim is now to implement the change gradually so that MTD works for everyone: taxpayers, tax agents, software developers, as well as HMRC. The significant …

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