Count down to Making Tax Digital
The phasing in of digital tax accounts starts in April 2018 for business below the VAT registration threshold and individuals with more that £10,000 secondary income.
VAT registered business follow in April 2019 and companies in April 2020, so by 2020 pretty much everyone will be in the system. Taxpayers need to be prepared for this transition, which could mean a fundamental change in how they manage their accounting and tax affairs.
« Back to newsletter articles