Making Tax Digital
Making Tax Digital (MTD) is HMRC’s move to digitise tax - Here's all you need to know by David Whitcroft, Business Development Director. MTD means that as of 01 April 2019, HMRC require you to submit VAT returns using accounting software, and you’ll no longer be able to submit manually through the HMRC gateway. MTD will eventually cover all tax, and is being rolled out in stages. The first stage affects those above the VAT threshold of £85,000.