MTD mandatory from 2023

The government has recently announced that making tax digital ( MTD ) will be extended to all businesses below the VAT threshold from April 2022, and to self employed businesses and landlords with a turnover above £10,000 from April 2023.

The digitalisation programme will be extended beyond VAT to other taxes in April 2023. The timetable is expected to allow businesses, landlords, tax agents, and software developers to plan for the changes. In addition, there will be consultation this autumn on the detail of extending MTD to businesses with corporate tax responsibilities and obligations.

Write a Comment

Your email address will not be published. Required fields are marked *