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

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 (20/03/2018): Are you ready for MTD for VAT?

FreeAgent will be ready for the Making Tax Digital (MTD) for VAT start date, will you? Find out when your business needs to make the switch to MTD-compliant software for VAT.

UPDATE (05/10/2017): What next for sole traders?

HMRC has revealed the next steps sole traders should take in preparation for MTD for Income Tax.

UPDATE (14/09/2017): Making Tax Digital back on track

The publication of the Finance Bill 2017-19 confirms the government's commitment to pushing MTD forward.

UPDATE (17/07/2017): MTD timescales pushed back

The government has announced that the implementation of Making Tax Digital has been delayed by at least a year. Find out when the changes are likely to affect you.

UPDATE (04/07/2017): Making Tax Digital software research results

Find out what the coming months have in store for the UK's taxpayers as we reveal the top takeaways from our MTD beta research project, conducted in partnership with HMRC.

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.