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.

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.

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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...

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Making Tax Digital: HMRC softens digital link deadline

by Hawsons | Oct 30, 2019 | Making Tax Digital, Tax

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,...

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...

MAKING TAX DIGITAL: What you need to know

by Hawsons AOT | May 24, 2019 | Making Tax Digital, Tax, Tony Nickson

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...

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...

Hawsons makes history after 165 years in business

by Hawsons | Dec 16, 2019 | Aaron Hemmington, Agriculture, Audit, Auto Enrolment, Bookkeeping, Business Services, Care Homes, Charities, Charles Kavazy, Chris Hill, Cloud Accounting, Corporate Finance, Corporate Tax, Craig Burton, Craig Walker, Cyber Security, David Cairns, David Owens, Dental, Doncaster, Engineering, Exit Planning, Family Business, GPs, Healthcare, Ian Bryan, IT, IT and Technology, Jenny Brown, Legal, Leisure & Hospitality, Making Tax Digital, Manufacturing, Mark Cousins, Martin Wilmott, Mick Tonks, Natasha Fathers, Nigel Smith, Northampton, Paul Hutchings, Paul Wormald, Payroll, Pensions, Personal Tax, Peter Lindley, Peter Wilmer, Pharmacy, Property & Construction, R&D, Retail, Richard Burkimsher, Richard Frost, Richard Marsh, Russ Pagdin, Sarah Johnson, Scott Sanderson, Sean Boyall, Sheffield, Simon Bladen, SME Tax Corner, Solicitors, Stephen Charles, Tax, Tony Nickson, Transport & Logistics

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....