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Making Tax Digital - articles

Features and articles from ICAEW on the Making Tax Digital (MTD) programme in the UK.

Displaying 1-30 of 189 results
INSIGHTS VIEWPOINT Government considers extending R&D advanced clearance service
  • Mar 2025
  • ICAEW Insights
After preliminary discussions with key stakeholders, including ICAEW, a consultation on widening the advanced clearance process for research and development (R&D) tax relief was published alongside the Spring Statement on 26 March 2025.
INSIGHTS VIEWPOINT ECONOMIC UPDATE Chancellor walks tightrope over uncertain landscape
  • Mar 2025
  • ICAEW Insights
Despite welcome improvements to the OBR forecast and positive noises on defence spending and capital investment in the Spring Statement, the economy remains on shaky ground.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: March 2025
  • Mar 2025
  • ICAEW Insights
This month’s top stories feature 300,000 people who no longer need to submit a tax return, 10 tax changes taking effect from this April, and HMRC launching a new agent query resolution service.
INSIGHTS VIEWPOINT MTD income tax will be extended in 2028
  • Mar 2025
  • ICAEW Insights
Alongside the Spring Statement 2025, it was announced that Making Tax Digital (MTD) for income tax will be extended to those with turnover of more than £20,000 from April 2028. Taxpayers in MTD income tax will need to use commercial software for their final tax return.
Exclusive TAX FACULTY Follow the numbers: 10 years of MTD
  • Mar 2025
  • ICAEW
  • Taxline
It has been 10 years since the then Chancellor of the Exchequer, George Osborne, fired the starting gun on what was to become Making Tax Digital. HMRC has declared MTD for VAT a success but challenges lie ahead in the phased introduction of MTD for income tax from April 2026.
INSIGHTS VIEWPOINT How do changes to tax come into effect?
  • Mar 2025
  • ICAEW Insights
The government announces changes to tax rules, rates and allowances at the Budget and other fiscal events. We explain how these changes become law in a new video.
INSIGHTS VIEWPOINT Agent accounts may be suspended if suspicious activity suspected
  • Mar 2025
  • ICAEW Insights
Several ICAEW member firms have experienced their HMRC agent accounts being suspended without notice. In its latest Agent Update, HMRC explains why it takes this action and what agents need to do.
Tax news in brief 19 March 2025
  • Mar 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 19 March 2025, including: HMRC guidance on the implications of the abolition of furnished holiday lettings treatment; and help from HMRC with preparing for Making Tax Digital for income tax.
INSIGHTS VIEWPOINT ICAEW marks making tax digital’s 10th birthday
  • Mar 2025
  • ICAEW Insights
Ten years ago today, George Osborne laid the foundations for making tax digital (MTD), promising to “abolish the tax return altogether”. ICAEW’s Tax Faculty looks back at the key events and considers the future of MTD.
PRACTICE DEPARTMENT Prepare for MTD income tax: Tackling client conversations
  • Mar 2025
  • Rebecca Benneyworth
  • Practicewire
As HMRC plans to increase awareness of making tax digital (MTD) for income tax, Rebecca Benneyworth shares her thoughts on conversations that practitioners should be having with affected clients.
Tax news in brief 12 March 2025
  • Mar 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 12 March 2025, including: the closure of CATO; an update on MTD for income tax; and an increase in the official rate of interest.
Tax news in brief 5 march 2025
  • Mar 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 5 March 2025, including: Finance Bill 2024-25 developments; new figures from HMRC on the impacts of the off-payroll working reforms; and an update on Making Tax Digital (MTD) software.
INSIGHTS VIEWPOINT ICAEW’s tax content can help you keep up to date
  • Mar 2025
  • ICAEW Insights
Get up to speed with the hot topics in tax and meet your continuing professional development (CPD) obligations. See our latest updates on MTD for income tax, R&D tax relief, payrolling benefits in kind, employee ownership trusts and VAT.
TAX FACULTY MTD quiz: what do you know?
  • Feb 2025
  • ICAEW
  • Taxline
Making Tax Digital for income tax is on its way, but how much do you really know? Test your knowledge with our quiz.
Tax news in brief 26 February 2025
  • Feb 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 26 February 2025, including: a new feature in the agent services account (ASA); and an opinion from the general anti-abuse rule (GAAR) advisory panel on inheritance tax (IHT) arrangements.
INSIGHTS VIEWPOINT HMRC to start contacting taxpayers about making tax digital
  • Feb 2025
  • ICAEW Insights
HMRC has informed agents that, from April 2025, it will write to sole traders and landlords who may need to comply with making tax digital (MTD) for income tax from April 2026.
Tax news in brief 19 February 2025
  • Feb 2025
  • ICAEW Insights
Highlights from the broader tax news for the week ending 19 February 2025, including: an update from HMRC on the progress of some R&D tax relief enquiries; and updated HMRC guidance on employment status.
Exclusive Prepare for MTD income tax: Testing the system
  • Feb 2025
  • Rebecca Benneyworth
Making tax digital (MTD) for income tax has been described as the biggest change affecting self-employed and landlord taxpayers and their agents since self assessment was introduced. In this article, Rebecca Benneyworth looks at the issues to consider in deciding whether to join the testing phase.
INSIGHTS VIEWPOINT More taxpayers can test making tax digital
  • Feb 2025
  • ICAEW Insights
Taxpayers liable to the high income child benefit charge (HICBC) or with income from jointly held property can join making tax digital for income tax (MTD income tax) testing for 2025/26. IRIS has also joined the list of software available for 2024/25.
INSIGHTS VIEWPOINT Business tax compliance costs £15bn a year
  • Feb 2025
  • ICAEW Insights
In its latest report, the National Audit Office (NAO) explores the costs for businesses in meeting their tax obligations and for HMRC in administering the tax system. It reveals UK businesses incur costs of at least £15.4bn each year.
INSIGHTS VIEWPOINT HMRC contacts companies owning residential property
  • Jan 2025
  • ICAEW Insights
HMRC is writing to companies that may need to disclose liabilities to the annual tax on enveloped dwellings (ATED), possibly because they have relied on a relief that is not due.
INSIGHTS VIEWPOINT INSIGHTS SPECIAL Testing MTD for income tax: an accountant’s perspective
  • Jan 2025
  • ICAEW Insights
While submitting quarterly updates is “smooth and straightforward”, HMRC must resolve the disconnect between that process and the annual return, says Aaron Patrick of Boffix.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: January 2025
  • Jan 2025
  • ICAEW Insights
This month’s top stories feature Parliament accusing HMRC of damaging trust in the tax system; a warning to not respond to a fraudulent agent services text message; and more from the How to fix VAT campaign.
INSIGHTS VIEWPOINT ICAEW’s view on plans to charge IHT on pensions
  • Jan 2025
  • ICAEW Insights
ICAEW is concerned that the proposed processes for bringing more pensions within the scope of inheritance tax (IHT) will cause delays in payouts to beneficiaries and place a significant administrative burden on pension scheme administrators (PSAs).
INSIGHTS VIEWPOINT Reconsider changes to taxing overseas interest, says ICAEW
  • Jan 2025
  • ICAEW Insights
ICAEW has suggested an optional election for taxpayers to be taxed on a calendar year basis in respect of all their overseas investment income in response to the government’s consultation on simplifying the taxation of foreign interest.
INSIGHTS VIEWPOINT Update on making tax digital and jointly owned property
  • Jan 2025
  • ICAEW Insights
HMRC has made changes to the making tax digital income tax (MTD IT) notices, mainly relating to income from property. The current self assessment reporting relaxation for joint property will not be available to those in MTD IT.
INSIGHTS VIEWPOINT New requirements for EU-GB imports from 31 January
  • Jan 2025
  • ICAEW Insights
ICAEW is reminding businesses that, from 31 January 2025, all goods imported from the European Union (EU) to Great Britain (GB) must be covered by a safety and security declaration.
Tax news in brief 15 January 2025
  • Jan 2025
Highlights from the broader tax news for the week ending 15 January 2025, including: new HMRC campaigns focusing on private equity businesses and estate agents; updated guidance from HMRC for those testing MTD IT; and a reminder from HMRC of changes for importers from 31 January 2025.
INSIGHTS VIEWPOINT Learn more about making tax digital
  • Jan 2025
  • ICAEW Insights
Agents can prepare for making tax digital for income tax (MTD IT) by attending HMRC’s regional events and listening to the latest episode of ICAEW’s The Tax Track podcast.
INSIGHTS VIEWPOINT HMRC launches services for digital platform reporting
  • Jan 2025
  • ICAEW Insights
Platform operators can now register to manage their digital platform reporting online ahead of the deadline for submitting the first returns on 31 January 2025.
Displaying 1-30 of 189 results

Free webinar on MTD ITSA

Making Tax Digital income tax self assessment (MTD ITSA) is scheduled to start from April 2026. The outcome of the policy review for small businesses was announced in November 2023 and amended regulations were laid before parliament in February 2024. HMRC is launching a private beta pilot for 2024/25, starting in April. Join the tax team for the latest information, including the pros and cons of joining the pilot.

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