Making Tax Digital – 2020

From 2020 at the earliest, Making Tax Digital should be coming into effect for other taxes, such as Income Tax, Corporation Tax etc. 

This time gap will ensure that there is time to test the system fully and for digital record-keeping to become more widespread amongst businesses.

As HMRC are focusing primarily on MTD for VAT (Value Added Tax) at the moment, information for the 2020 roll out is limited. However, we will strive to update our clients as and when new information becomes available.