Are you ready for Making Tax Digital? Discover how to prepare for the new era of digital tax

Get your free guide to Making Tax Digital

Make sure you're prepared as HMRC starts rolling out its strategy for a digital tax system.

Enter your email address to download your free guide and receive accounting tips from FreeAgent.

Resources

What is Making Tax Digital?

Who does it apply to and when will the changes be happening? Find out the basics of what we know so far about HMRC's digital strategy.

Mistaking Tax Digital: 13 myths busted

Separate fact from fiction with our mythbusting guide.

Five things you need to know about MTD for Business

Get all the key facts about HMRC's digital tax strategy that every small business owner and self-employed person should know.

Are you exempt from Making Tax Digital?

Discover who HMRC has confirmed will be exempt from digital tax obligations.

How do small businesses really feel about the government's plans for a digital tax system?

Find out what small businesses and freelancers really think about Making Tax Digital in the results of our survey.

What is real-time tax?

In the near future HMRC plans to "collect and process information affecting tax in as close to real-time as possible". Find out how real-time tax reporting will actually work in this quick guide.

Latest developments

UPDATE (25/04/2017): Pre-election Finance Bill adds to MTD uncertainty

Following the announcement of a snap general election, MTD has been removed from the Finance Bill. Find out what this means for the initiative going forward.

UPDATE (07/04/2017): MTD for businesses with an accounting year that doesn't match the tax year

News from HMRC on when Making Tax Digital will begin for businesses with an accounting year doesn't match the tax year.

UPDATE (08/03/2017): Making Tax Digital 2017 Budget updates

Find out what Making Tax Digital announcements were made in this year's Budget.

UPDATE (07/03/2017): Making Tax Digital 2017 Budget predictions

Emily Coltman FCA, looks ahead to this year's Budget to predict what might be in store for Making Tax Digital.

UPDATE (31/01/2017): HMRC publishes consultation response

HMRC responds to comments from taxpayers following the publication of its consultation for Making Tax Digital last August.

UPDATE (15/08/2016): What we've learned about MTD from the consultation documents

HMRC has published consultation documents setting out how it sees Making Tax Digital working and inviting comments from small business owners. Here's a summary of key takeaways from our chief accountant, Emily Coltman FCA.

thumbnail for making tax digital summary video

Video: A quick summary of MTD

Emily Coltman FCA, chief accountant to FreeAgent, gives a brief overview of what Making Tax Digital is, what's happening next and how you can keep up-to-date with progress.

thumbnail for making tax digital webinar

Video: What Making Tax Digital means for small business accounting

Ed Molyneux, Founder and CEO of FreeAgent, discusses what MTD means for small businesses and their accountants.

More from HMRC

How HMRC will transform the tax system

The latest guides from HMRC including its Making Tax Digital roadmap, case studies and MTD myth buster.

Consultation documents

The consultation period ended in November 2016, but you can still read about the various considerations of HMRC's digital tax strategy.

Making Tax Digital webinar

Watch a recording of HMRC's introduction to Making Tax Digital webinar including an overview of all the consultations around specific elements of the Making Tax Digital reforms.

Roadmap

January – June 2017

Pilot of roll-out starts in April.

July – December 2017

Digital tax accounts show taxpayers an overview of their tax liabilities in one place.

July – December 2018

Businesses, self-employed people and landlords with turnover above the VAT threshold start updating HMRC quarterly for Income Tax and National Insurance obligations through accounting software.

2019

Businesses, self-employed people and landlords with turnover between the minimum MTD threshold of £10,000 and the VAT threshold start updating HMRC quarterly for Income Tax and National Insurance obligations through accounting software.

MTD starts for VAT figures and returns.

2020

Most businesses, self-employed people and landlords can start updating HMRC quarterly for Corporation Tax obligations through their accounting software.

The full range of HMRC services are available through digital tax accounts.

Other Topics

Find out more about FreeAgent

Discover how cloud accounting software can help you manage your business finances.

Take a tour of FreeAgent