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.
Making Tax Digital Timeline
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April 2017
Pilot of roll out starts
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July-December 2017
Digital tax accounts show taxpayers an overview of their liabilities in one place
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July-December 2018
Most businesses, self-employed people and landlords start updating HMRC quarterly for income tax and national insurance obligations through accounting software
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2019
Most businesses, self-employed people and landlords start updating HMRC quarterly for VAT obligations through their accounting software
Online accounting software
FreeAgent accounting software is completely free for business current account holders, as long as you retain your business bank account -
2020
The full range of HMRC services becomes available through digital tax accounts
Why go online?
Helping businesses get it right first time
The Government initiative sets out a vision that by 2020 there will be a transformed tax system and the end of the tax return.