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Making Tax Digital

MTD and Brexit cause HMRC helpline delays

Less than 42% of calls answered in May 2019.

Early MTD sign-ups could result in penalties

Businesses urged to prioritise VAT payments.

Making Tax Digital for VAT comes into force

1 million businesses mandated into digital tax scheme.

Making Tax Digital for VAT takes effect

Only around 100,000 businesses had signed up by 1 April.

Most unpaid tax caused by ‘errors and carelessness’

Making Tax Digital expected to save £1.2 billion in tax revenue.

No extension to MTD in 2020

MTD for VAT to go ahead from April 2019.

50% of SMEs not ready for Making Tax Digital

Software to cost small firms £564 in the first year.

Pressure builds for MTD delay

Taxation bodies say ‘clarity and guidance’ is needed.

Businesses ‘not ready’ for MTD deadline

35% don’t know if they’ll be ready before 1 April 2019.

Peers issue warning on MTD

House of Lords committee report raises concerns.