What’s new?
- All business-related transactions must be recorded digitally using MTD-compliant software or apps.
- Tax returns must be submitted in a digital, MTD-compliant way.
What’s changing?
- Records kept on apps or software not designed for MTD will no longer be compliant.
- Tax returns submitted by post or using HMRC’s own online services will be phased out.
MTD Deadlines
| April 2019 | April 2020 | April 2020 + |
| VAT Phase 1
|
VAT Phase 2
|
Corporation Tax
Self-Assessment |
| Businesses with turnover above £85,000 subject to compulsory VAT registration | Businesses with turnover less than £85,000 but voluntarily VAT registered. | Self-Employed
Partnership Firms Landlords Traders |
