Need to know
Preparing your practice for MTD
Agents will need to take steps to prepare both their own practices and their clients for the disruption that Making Tax Digital and digitalisation will cause to the market for accounting and tax services.
Need to know
MTD overview
ICAEW's Tax Faculty outlines the key things businesses and agents need to know about the Making Tax Digital Regime and a timeline for its introduction.
What are the rules?
MTD and VAT
- Helpsheets and support
- 30 May 2024
The first stage of HMRC's Making Tax Digital (MTD) programme focuses on VAT and imposes new requirements keeping on some VAT registered businesses and organisations from April 2019.
MTD income tax self assessment
- Helpsheets and support
- 27 Jun 2024
Making Tax Digital income tax self assessment is being phased in from April 2026. ICAEW's Tax Faculty outlines how the system is likely to work and the progress of the testing.
Legislation for Making Tax Digital
- Listing
- 17 Apr 2024
Links to the enacted and proposed legislation mandating Making Tax Digital.
MTD for VAT penalties
- Helpsheets and support
- 30 May 2024
The introduction of Making Tax Digital for VAT has prompted discussion about the risk of penalties where introducing new processes breach of the regulations.
How to comply
Signing up for MTD
- Helpsheets and support
- 26 Jun 2024
ICAEW's Tax Faculty provides step-by-step guides on how to sign up for Making Tax Digital VAT (MTD VAT) and MTD income tax self assessment (MTD ITSA) for businesses and for tax agents.
Software for MTD
- Helpsheets and support
- 25 Apr 2024
ICAEW shares the latest information about the Making Tax Digital (MTD) software that taxpayers and agents will need to keep digital records and to submit information to HMRC.
Further support
Exclusive
Tax Advice Helpline for Small Practitioners
Specialist advice for accountants from Markel Tax.
Tax Faculty
Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.
TAXconnect
Search for a consultant to help you with a specific technical tax problem. TAXconnect works on a telephone ‘hotline’ system, whereby consultants offer advice to fellow Tax Faculty members on tax problems for a nominal fee.