Are you ready for Making Tax Digital? Discover how to prepare for the new era of digital tax
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Make sure you're prepared as HMRC starts rolling out its strategy for a digital tax system.
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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 (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.
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.
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.
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