Making Tax Digital
A fully digital tax system
Making Tax Digital, also known as MTD, is a government initiative that sets out a bold vision for a digital tax system. The aim of the initiative is to make tax administration more effective, more efficient and easier for taxpayers, through the implementation of a fully digital tax system.
Making Tax Digital Timeline
Pilot of roll out starts
Digital tax accounts show taxpayers an overview of their liabilities in one place
Most businesses, self-employed people and landlords start updating HMRC quarterly for income tax and national insurance obligations through accounting software
Most businesses, self-employed people and landlords start updating HMRC quarterly for VAT obligations through their accounting software
Online accounting softwareWe've partnered with FreeAgent to give our small business banking customers an online cloud accounting software, completely free of charge.
The full range of HMRC services becomes available through digital tax accounts