Are you prepared?

A guide to
Making Tax Digital

A fully digital tax system

Making Tax Digital, also known as MTD, is a government initiative that sets out a bold vision for a digital tax system. The aim of the initiative is to make tax administration more effective, more efficient and easier for taxpayers, through the implementation of a fully digital tax system.

The full range of HMRC services are due to be available through digital tax accounts by 2020.

Making Tax Digital Timeline

  1. April 2017

    Pilot of roll out starts

  2. July-December 2017

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

  3. July-December 2018

    Most businesses, self-employed people and landlords start updating HMRC quarterly for income tax and national insurance obligations through accounting software

  4. 2019

    Most businesses, self-employed people and landlords start updating HMRC quarterly for VAT obligations through their accounting software

    Online accounting software

    We've partnered with FreeAgent to give our small business banking customers an online cloud accounting software, completely free of charge.
  5. 2020

    The full range of HMRC services becomes available through digital tax accounts

Making Tax Digital myths. Busted.