Making Tax Digital - FreeAgent has you covered
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What is Making Tax Digital?
All UK businesses with VATable sales above the VAT threshold (currently £85,000) need to store digital records and submit VAT updates to HMRC using MTD-compatible accounting software. Even if you’re already using accounting software to file VAT digitally, you still need to change the way you submit your return to HMRC.
Making Tax Digital for VAT in 60 seconds
Get to grips with MTD for VAT in this short video from FreeAgent’s chief accountant, Emily Coltman.
When's it happening?
Check the timeline to find out when Making Tax Digital will affect you.
April 2019
MTD for VAT becomes mandatory for businesses over the VAT threshold (£85K).
June - October 2019
Mandated businesses must file VAT returns to HMRC using MTD-compatible accounting software.
2021 onwards
HMRC looks to widen the scope of MTD to include Income Tax and Corporation Tax.
How FreeAgent can help
FreeAgent’s powerful automation features can help you get your accounts in order for digital VAT filing with minimal hassle. Our brand new Open Banking bank feeds automatically backfill your account with historical bank transactions, saving you time as you prepare to file your first digital VAT return.
Once you’ve set up for digital VAT filing and your accounts are in order, FreeAgent will automatically generate your MTD VAT return and allow you to submit it directly to HMRC with the click of a button.
MTD for small businesses
MTD for VAT penalties
Find out what penalties you might face if you fail to comply with the new MTD for VAT legislation.
5 things you need to know about Making Tax Digital for Business
The key facts about MTD that every small business owner should know.
Making Tax Digital: what does it mean for you?
Read our MTD whitepaper for an overview of the initiative and how it will affect your business.
Are you exempt from Making Tax Digital?
Find out who will be exempt from digital tax obligations.
Mistaking Tax Digital: MTD myths busted
Sort fact from fiction with this mythbusting guide to MTD.
MTD on the FreeAgent blog
Follow the latest Making Tax Digital news on our blog.
MTD for accountants
Free MTD consultation
Take a free, 30‑minute consultation with an MTD expert.
MTD Express pack
Everything you need to get your clients sorted for MTD for VAT in double-quick time.
Making Tax Digital for VAT Q&A
All your questions answered, even the difficult ones!
Guide your clients through Making Tax Digital
Introduce your small business clients to MTD with this free handout.
Prepare your practice for MTD for VAT
Find out how to make the most of the opportunity presented by the new legislation.
Simon Hanmer
Signed up for @freeagent a month or so ago - business-wise, once of the best decisions I made. The time saved on VAT returns alone probably pays for it. #frictionlessAccounts
5:19 AM - 25 Jul 2018
Minal Patel - Marketing by Minal
Something I could not imagine running my business without now is @freeagent. Oh my, what a godsend! It's made invoicing and everything else finance related so easy. #smallbizresources #MinalsTips
5:15 AM - 7 Jun 2018
Dr Penny Pullan
Phew! Finished the quarter's accounts and VAT. Thanks @freeagent for making it much easier than with spreadsheets!
10:18 AM - 9 Aug 2017
