Making Tax Digital hub

Making Tax Digital (MTD)

MTD 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.

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VAT and Making Tax Digital

by Hawsons | Nov 30, 2021 | Making Tax Digital, Tax, Tony Nickson, VAT

On 1 April 2019 (this was not a joke!!) HMRC introduced Making Tax Digital (MTD) for VAT. Businesses above the current VAT threshold of £85,000 have since needed to submit their VAT returns using “functional compatible software”. As of 1 April 2022, all VAT...

Autumn Budget 2021

by Hawsons | Oct 28, 2021 | Aaron Hemmington, Agriculture, Agriculture update, Audit, Auto Enrolment, Bookkeeping, Brexit, Business Services, Care Homes, Charities, Cloud Accounting, Corporate Finance, Corporate Tax, COVID-19, Craig Walker, Cyber Security, Dental, Doncaster, Engineering, Exit Planning, Family Business, GPs, Healthcare, IT, IT and Technology, Jenny Brown, Legal, Leisure & Hospitality, Making Tax Digital, Manufacturing, Northampton, Payroll, Pensions, Personal Tax, Pharmacy, Press Release, Property & Construction, R&D, Retail, Retirement, Sheffield, SME, Solicitors, Stephen Charles, Tax, Transport & Logistics, VAT, Wealth Management

Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to "build back better" with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary...

Making Tax Digital (MTD) for Landlords

by Hawsons | Jun 1, 2021 | Jenny Brown, Making Tax Digital, Personal Tax, Property & Construction, Stephen Charles, Tax

New tax obligations from April 2023 From 6 April 2023, significant changes will be made to the Self-Assessment reporting system for landlords with gross rental income above £10,000 per tax year. Bringing landlords within the scope of MTD is part of HMRC’s plan to...

Tax Rates and Allowances 2021/22

by Hawsons | Mar 17, 2021 | Agriculture, Audit, Auto Enrolment, Bookkeeping, Brexit, Business Services, Care Homes, Charities, Cloud Accounting, Corporate Finance, Corporate Tax, COVID-19, Cyber Security, Dental, Engineering, Exit Planning, Family Business, GPs, Healthcare, IT, IT and Technology, Legal, Leisure & Hospitality, Making Tax Digital, Manufacturing, Payroll, Pensions, Personal Tax, Pharmacy, Property & Construction, R&D, Retail, SME, Solicitors, Tax, Transport & Logistics, VAT, Wealth Management

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Budget 2021

by Hawsons | Mar 4, 2021 | Agriculture, Audit, Auto Enrolment, Bookkeeping, Brexit, Business Services, Care Homes, Charities, Cloud Accounting, Corporate Finance, Corporate Tax, COVID-19, Cyber Security, Dental, Engineering, Exit Planning, Family Business, GPs, Healthcare, IT, IT and Technology, Legal, Leisure & Hospitality, Making Tax Digital, Manufacturing, Payroll, Pensions, Personal Tax, Pharmacy, Press Release, Property & Construction, R&D, Retail, SME, Solicitors, Tax, Transport & Logistics, VAT, Wealth Management

Budget 2021 The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech, he stated his Budget 'meets the moment with a three-part plan to protect the jobs and livelihoods of the British people'. Main Budget proposals Tax measures...

Delay of VAT Making Tax Digital ‘phase two’

by Hawsons | Apr 2, 2020 | Craig Walker, Making Tax Digital, Tax, VAT

Delay of VAT Making Tax Digital 'phase two' The government has announced that, in light of the impact of Covid-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021. What is being delayed? The first phase of MTD...