Making Tax Digital resources

Making Tax Digital is on its way! In the coming years businesses will need to keep digital records of their finances and submit tax returns through HMRC-approved accounting software. Keep up with the latest news and learn how to take advantage of the new era of digital tax with our handy guides and resources.

MTD Roadmap

  • July - December 2017

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

    HMRC begins a private pilot of Making Tax Digital for VAT.

  • Spring 2018

    Live pilot of Making Tax Digital for VAT begins.

  • April 2019

    Businesses with a turnover above the VAT threshold are required to keep digital records and submit quarterly returns for VAT purposes only.

    Most businesses are able to voluntarily keep digital records for ‘other taxes’.

  • April 2020

    HMRC looks to widen the scope of Making Tax Digital.

Resources

What is Making Tax Digital?

Making Tax Digital (MTD) is a government initiative that sets out a bold vision for a new digital tax system. Find out more about what's changing.

What is Making Tax Digital for VAT?

Get a brief overview of Making Tax Digital for VAT including who's affected, when you need to comply by and what you need to do.

Five things you need to know about MTD for Business

The key facts about MTD that every small business owner should know.

Are you exempt from Making Tax Digital?

Find out who will be exempt from digital tax obligations.

Accountants: your MTD for VAT questions answered (even the difficult ones)

Discover what you and your clients need to do and how FreeAgent can help you to prepare ahead of the MTD for VAT start date.

Accountants: prepare your practice ahead of the MTD for VAT deadline

Practical tips and resources to help you prepare your clients for MTD for VAT.

Mistaking Tax Digital: 13 myths busted

Separate fact from fiction with our mythbusting guide and make sure your business is prepared.

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

Find out what small businesses really think about MTD in the results of our survey.

What is real-time tax?

With Making Tax Digital 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

Taking our next steps with HMRC’s public pilot

FreeAgent is among the first handful of providers taking part in HMRC’s public pilot for MTD for VAT.

6 months to go before MTD for VAT begins

It’s crunch time for businesses and accountants across the UK as the Making Tax Digital (MTD) for VAT start date approaches.

FreeAgent added to HMRC's MTD for VAT software list

FreeAgent recognised as one of a handful of software suppliers supporting Making Tax Digital for VAT in a recent list published by HMRC.

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.

What next for sole traders?

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

Making Tax Digital back on track

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

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.

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.

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.

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.

Making Tax Digital 2017 Budget updates

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

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.

HMRC publishes consultation response

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

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.

Useful videos

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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.

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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 an overview of Making Tax Digital, case studies and MTD mythbuster.

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.