Government ministers have announced a new timetable for the introduction of MTD (Making Tax Digital)

From Spring 2018 – HMRC will start small-scale testing of MTD for VAT registered businesses, followed by a wider, live pilot.

1st April 2019 – Businesses above the VAT threshold (currently £85,000) will have to keep digital records & provide their VAT information  electronically each quarter to HMRC via MTD approved software.

1st April 2020 – Earliest date for businesses (with a turnover of over £10,000) to start keeping digital records & to start making quarterly updates to HMRC.

Please check out the full information via our Newsletters page