Making Tax Digital
Will Making Tax Digital actually help your business?
Will it make you more efficient?
Will it help with your accounting and reporting?
Reach out to us
We’re here to help at the end of the day. Let’s find out what we can do to make your life that little bit smoother.
Making Tax Digital, the history, in brief
April 2019 – This was the first stage of Making Tax Digital (MTD) and it was for VAT. This came into effect for the majority of VAT registered businesses abovethe VAT threshold (£85k) in April 2019.
Fast-forward to April 2021 – Digital compliance became mandatory in April 2021 for all those that fell into the scope.
April 2022 – For all remaining VAT-registered businesses full compliance to MTD for VAT came into effect in April 2022 (unless there was an HMRC approved exemption in place).
Making Tax Digital, where are we now?
Looking ahead, there are two further Making Tax Digital milestones for businesses and individuals.
Income Tax is set to become digital in 2026, and this will be followed by Corporation Tax but a start date has not yet been published!
Making Tax Digital, what is next?
There are still many questions surrounding the implementation of Making Tax Digital including what does the future MTD timeline look like?
What are we doing now to ensure that you are ready?
What does the implementation of MTD mean for you, what will you have to do and when?
Timeline for Making Tax Digital for ITSA
Scroll through the images on the right to view the latest timeline for Making Tax Digital for Income Tax Self Assessment and Corporation Tax.
Can I deal with MTD reporting myself?
We are hoping that many of our clients will be happy to embrace digital record keeping and MTD reporting. In the coming months we will be communicating with you further (make sure you are signed up to receive our monthly mailshots) and working with you to help in anyway possible.
However, for those that would rather leave it to us, we can do that too!
Making Tax Digital, client Webinar
With a little over a year until the first taxpayers will have to join Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) this change presents new challenges for all taxpayers and how they interact with HMRC.
Not wanting to be too dramatic, but these changes are indeed the biggest shake-up to UK taxation in 30 years.
In this webinar we will take a detailed look at how we will be supporting our clients, as well as the new reporting requirements.
We will consider the the practical implications for all UK taxpayers, business owners, sole traders and landlords as well as the steps they need to take to get ready.
The webinar is aimed at all UK taxpayers as well as business owners, sole traders and property landlords.
The session will be hosted by Tim Humphries our Tax Partner and Katy Dunn a Partner in our Woburn office who is heading up RPGCC’s digital accounting service offering. This session will be pitched at a level where no prior knowledge of Making Tax Digital ITSA is needed.
What we will cover:
- What is the “2026 seismic tax shake-up” also known as MTD and why is it happening?
- The what does the MTD timeline look like? Which taxpayers are in and when.
- The MTD ITSA requirements – digital record keeping, quarterly reporting and year-end finalisation.
- Exemptions from MTD ITSA.
- How we can and will support you both now and in the future
- Your software, what are the options.
- Practical tips and pitfalls.
- What to do and when to get ready for April 2026.
By attending this session you’ll gain a good understanding of what the 2026 seismic tax shake-up means in reality, what it will mean for you, your business and the steps you need to take now and in the future to prepare and ensure you are compliant.
Register to join us on 27 February below.
