Making Tax Digital Hub
All things Making Tax Digital at HawsonsMTD is the biggest shake-up of the tax system in 20 years and will fundamentally change the way taxpayers report to HM Revenue & Customs (HMRC).
On this page you will find all of our articles relating to MTD. We will continue to add further articles and guidance as details emerge from HMRC.
We are sure that you will find this page a useful point of reference during the coming months.
You can also keep up to date with ongoing developments by registering for our specialists news here.
We can help you prepare for Making Tax Digital
We are running Making Tax Digital Workshops in Doncaster, Sheffield and Northampton. Register your interest here, and we will let you know the timings.
Signing up to Making Tax Digital – VAT
You need to sign your business or clients up for Making Tax Digital. HMRC will not do this for you. The following advice is given by HMRC and will help you sign up your business or clients to MTD at the right time, and help HMRC make sure theyr’e ready for the first digital return.
Get in touch with our Making Tax Digital experts
Making Tax Digital: HMRC softens digital link deadline
HMRC have said that a few businesses could qualify for an extension to their Making Tax Digital (MTD) for VAT soft landing period. Under current rules for VAT everything must be done digitally including transfers, exchanging data between software programs, and...
Making Tax Digital awareness and planning survey results
ICAEW has conducted a survey of 500 businesses to see if they are aware of the new requirements of the HMRC’s Making Tax Digital (MTD) programme and how they plan to adapt to the changes. The survey took place in July 2018 and at that time only 51% of VAT...
MAKING TAX DIGITAL FOR VAT: What you need to know now April 2019 is here!
VAT registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns for VAT periods that started on or after 1 April 2019. The...
Making Tax Digital Update
The decision has been made to delay implementation of Making Tax Digital until 1 October 2019 for VAT registered businesses with more complex requirements. This 6-month deferral applies to customers who fall within one of the following categories: Trusts...
Spring Statement 2019
Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition...
Lords call for a delay to Making Tax Digital for VAT until 2020
The House of Lords Economic Affairs Committee have issued a scathing report on HMRC’s Making Tax Digital (“MTD”) for VAT program. The committee have voiced disappointment that on many issues raised by the committee in their 2017 report HMRC had taken...
