Deadlines for Making Tax Digital
With Making Tax Digital (MTD) underway, businesses need to make sure they’re clear on the Making Tax Digital deadlines.
Here’s a summary of key dates to bear in mind.
April 2022 — MTD for VAT
VAT-registered businesses must use recognised software to keep digital records and submit VAT to HMRC.
April 2024 — MTD for Income Tax Self Assessment
MTD for Income Tax Self Assessment will apply for all self-employed business owners and landlords with annual income over £10,000.
April 2025 — MTD for Income Tax Self Assessment
MTD for Income Tax Self Assessment will apply for general partnerships with an annual turnover of over £10,000.
April 2026 — MTD for Corporation Tax
Making Tax Digital for Corporation Tax to be introduced at the earliest.
Contact us for more information.
London: 020 7060 1811